Having drawn from the expertise of Atradius Collections' local offices, the International Debt Collections Handbook explains the different regulations and procedures for debt collections in Australia.
Stay on top of your business’ cash flow by gearing up with insightful content. Find reports, guides and business insights from our experts on how to successfully manage B2B collection.
Access a snapshot of the credit risk situation and business performance of 14 major industries in your country. The forecast is based on the assessment of Atradius underwriters.
Bulgaria´s economic growth is forecast to remain robust in 2018 and 2019, as household spending is spurred by wage growth and an improving labour market.
After growing 4.5% in 2017 Czech GDP growth is expected to increase at a slower pace in 2018 and 2019, as Eurozone and domestic demand are cooling down.
Romania´s GDP is expected to grow at a lower pace in 2018 and 2019 as export growth has slowed and domestic demand is cooling due to higher interest rates.
Despite the current rebound the long-term prospect for higher growth rates is subdued due to structural weaknesses and the negative impact of sanctions.
The International Debt Collections Handbook is a key tool for businesses when it comes to making decisions concerning collections in foreign countries.
Despite a minor decrease in overdue B2B invoices, 45.0% of businesses in Eastern Europe reported having to manage the negative impact of payment delays.
Of the Eastern European countries surveyed, Bulgaria had the highest DSO and 19.8% of respondents expect another slight increase over the coming 12 months.
The percentage of Czech respondents reporting late payment remained largely stable. However, at 89.8% this is one of the highest percentages in the region.
The proportion of past due B2B invoices is the second highest in the region and almost 60% of Polish respondents said that this affected their businesses.
2018 brought many changes in Turkey – more frequent payment delays, increases in the proportion of overdue B2B invoices and DSO, a longer payment duration.
It seems that the market is rather resilient in the light of the ongoing Sino-US trade dispute, but overcapacity in the electric car segment is increasing.
Any imposition of tariffs on car parts and vehicle imports would severely impact the US automotive industry, most probably leading to more insolvencies.
Both payment delays and insolvencies are expected to increase in the coming months as decreasing investments and lower production will impact suppliers.