KeysFin statistics show that late payments to suppliers reached RON56.5 billion in 2015. “Preliminary data show that in 2016, late payments reached the level registered in the previous year, which indicates a business behaviour, not a conjuncture,” according to KeysFin analysts.
The analysis shows a total 76,893 companies, approximately 12% of the total number of firms in Romania, reported late payments to suppliers in 2015, which account for 33% of the overall turnover in the Romanian economy.
Of the overall amount of late payments, nearly half was registered by Romanian-held companies (RON25.6 billion), followed by foreign-held companies (RON11.95 billion), mixed capita firms (RON7.95 billion) and state-run companies (RON7.33 billion).
According to KeysFin statistics, the trade sector is the most affected field, with 27,009 firms reporting late payments to suppliers, followed by the processing industry and the constructions industry, each with 9,134 and 8,443 firms, respectively, reporting late payments to suppliers. The ranking also includes the sector of professional, scientific and technical activities (6,446 firms), transports and storage (4,998 companies) and hotels and restaurants (4,238 firms).
On a regional level, the companies reporting the bulk of late payments are located in the Bucharest-Ilfov region (RON24.1 billion), followed by companies in the south-east region (RON8.6 billion), South-Muntenia (RON4.7 billion), Western region (RON4.38 billion) and the central region (RON4.1 billion).
At the opposite pole, there are the companies in the North-West region (RON3.85 billion), the North-East region (RON3.72 billion) and the South-West Oltenia region (RON2.87 billion).