FROM SCRATCH NEWSWIRE

SCAVENGING THE INTERNET

DEBT COLLECTION ON THE RISE AS POLISH COMPANIES AVOID PAYING UP

Posted by Gilmour Poincaree on December 12, 2008

12th December 2008

Source: Rzeczpospolita (M.M.)

PUBLISHED BY ‘WARSAW BUSINESS JOURNAL'(Poland)

Polish companies are increasingly not paying liabilities to vendors and, in the construction sector alone, the amount of debts collected by debt collectors increased by 40 percent.

“They [exporters] feel the deterioration of the business situation on the Western markets most,” said Tomasz Starus of Euler Hermes. According to their latest report, entrepreneurs await for their payments longest in the richest regions of the country.

In the Mazowsze region, companies have an average delay in payments of three weeks, a period similar in Małopolska, Lower Silesia, Wielkopolska. The worst with this regard is the Pomorskie voivodship, with an average 22 day delay in payment, while in one of the poorest region – Podlaskie – only 12 days. It turns out that the situation is influenced by the presence of exporters that cause much of the delays.

Experts warn that the crisis is increasing and thus problems with covering debts will also increase.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘WARSAW BUSINESS JOURNAL'(Poland)

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