72% of companies believe that inflation is one of the main problems.
More than half (57%) of Portuguese companies believe that the risk of late payment or non-payment will continue to increase.
72% of companies believe that inflation is one of the main problems that must be faced, according to a study conducted by Intrum.
According to the European Payment Report (EPR) 2022, which surveyed around 11,000 companies in 29 countries, Portuguese companies are among the most concerned (64%) regarding the deadline for paying invoices (the European average is 62%).
However, the proportion of companies in Portugal working in the construction sector that are particularly interested has risen to 84%.
Failure to receive payments within a reasonable period of time means serious problems for companies, affecting the sustainability of their activities.
Over the past 12 months, bad debts amounted to 13% in Portugal, late payments accounted for 30% of all invoices and acted as a barrier to investments, initiatives and technological growth.
Portuguese companies also cited high interest rates (65%) and supply chain issues (64%) as serious concerns.
About 57% of these companies believe that the risk of late payment or non-payment will continue to increase, while the European average was 60%.
The report also indicates that 71% of businesses that receive payments faster can pay their suppliers faster (70%).
More economic news on www.essential-business.pt
