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7 out of 10 companies in Romania postpone invoice payment, 53pct have no financial resources (analysis)

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Seven out of 10 companies in Romania postpone the payment of their invoices, while the average duration to cash an invoice at the level of the economy reached almost 120 days, a poll-based select analysis says.
According to the data by Frames & , 68pct of the managers of the companies operating in Romania have admitted that they postpone the payment of their invoices to the maximum limit, to ensure their cash flow necessary to continue their businesses.

"In the Romanian economy, it became almost a custom to do business on the business partners' money. If…

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