|Atradius survey finds payment default occurs with 2% of receivables in Eastern Europe|
|Thursday, 28 June 2012|
Amsterdam, 28/06/2012 – Businesses in Eastern Europe express concern over a likely deterioration of the trade credit risk outlook over the next six months, and anticipate intensifying their efforts to protect against payment delays and payment defaults by B2B customers. According to the June Atradius Payment Practices Barometer, more than three times as many survey respondents in Eastern Europe expect deterioration of trade credit risk over the next six months than expect improvement. To reduce payment delays and payment defaults, over half of the survey respondents in Eastern Europe anticipate increasing their active credit management.
The Atradius survey interviewed 820 businesses across 4 countries in Eastern Europe (Czech Republic, Hungary, Poland and Slovakia). 29.0% of the survey respondents expect deterioration of trade credit risk over the next six months while only 9.5% expect improvement. Czech Republic recorded the highest percentage of respondents expecting deterioration of trade credit risk over the next six months (41.2%), followed by Poland (35.1%).
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