EOS KSI: One Third Of Romanian Companies Have Cash Flow Problems
Nearly one third of Romanian companies have cash flow problems due to unpaid receivables or payment delays and have to write off approximately 5% of the issued invoices, according to a survey from German receivable management company EOS Group.
“Cash flow problems mostly affect companies in the business to consumer (B2C) segment. In Romania, one of three companies (29%) has had cash flow problems due to unpaid bills or delayed payments,” said Georg Kovacs, general manager of EOS KSI Romania.
The numbers are slightly better from around 31% of Romanian companies that reported cash flow difficulties in 2010.
EOS’ 2011 European Payment Practices survey polled 2,200 companies in 10 countries about prevailing payment practices on the local markets. The polled companies operate in Romania, the UK, Spain, Greece, Russia, Slovakia, Bulgaria, Poland, Germany and Belgium.
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