About 90% of entrepreneurs don’t get payments on time

The percentage of companies facing the problem of unpaid invoices rose to 16.2 percent  (from 13.5 percent). The number of companies, which don’t experience this problem at all, fell to 11.3 percent from 15.1 percent, according to the research of KRD Economic Information Bureau.  As a result, in total, about 89 percent of entrepreneurs do not get payments on time.

Entrepreneurs currently wait for payment of invoices for an average of 3 months and 12 days, a slight improvement in comparison to Q1, when the waiting time was 3 months and 24 days.

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