One in three companies experiences substantial increase in the number of liquidity bottlenecks in Romania, EOS survey shows

Newsroom 14/09/2010 | 17:02

One in three companies in Romania have faced liquidity issues due to unpaid bills, according to a survey by EOS group. The survey called European Payment Practices 2010 was carried out in partnership with Ipsos, an independent market research organization, on a sample of 2,200 companies in ten European states.

“Cash flow problems stemming from customer default or payment delays have already been experienced by 31 percent of Romanian companies participating in the survey. Trading companies were hit the hardest by liquidity bottlenecks, with 39 percent already having seen their existence jeopardized by defaults in payment (services: 27 percent, industry: 24 percent). The number of companies affected has increased significantly since 2007, when 16 percent of respondents said that they had already suffered from liquidity bottlenecks,” says the survey.

Thus, Romania had more serious cash problems than countries like Greece- where 23 percent of companies were affected, Slovakia – 16 percent of companies had cash issues, and Germany – only 9 percent of companies had liquidity bottlenecks.