Debt of retail sector worth PLN 1 bln
13:27
In the last three months, the debt of the Polish retail sector reached nearly PLN 1 billion, according to the National Debt Registry (KRD).
The financial standing of the sector is not only up to seasonal sales, but "any issues of trade partners influence the retailers directly," the KRD pointed out.
What is more, the value of underpaid invoices in the sector increased to 24.7 percent, compared with 22.4 percent a quarter before, the office estimated.
Polish retailers wait for their partners to pay them 3 months and 3 days on average. Sometimes this period is too long to take care of their own liabilities, the KRD also informed.
