One Third Of Romanian Companies Have Cash Flow Problems – Survey

In its 2010 European Payment Practices survey, EOS said trading companies were mostly hit by liquidity bottlenecks, with 39% already facing serious danger of going out of business.

In the services sector, 27% of the polled companies said they were severely affected by liquidity shortage due to delayed payments, while 24% of the companies in the industry sector experienced similar problems.

„The number of companies affected has increased significantly since 2007, when 16% of respondents said that they had already suffered from liquidity bottlenecks,” the survey noted.

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According to Georg Kovacs, general manager of EOS KSI Romania, overdue receivables to local companies exceeded 1 billion lei (EUR1=RON4.2478) toward the end of 2009.

EOS Group surveyed 2,200 companies in ten European countries.