Which countries are easier for collecting unpaid invoices, and which ones are harder? Allianz Trade, the largest credit insurer in the world, wrote a report on this.
Sweden comes out on top, followed by Germany, the Netherlands, Finland and Portugal. Belgium also remains in the top 10. On the other hand, it is concerning that USD 4.2 trillion in receivables is at risk in the most 'complex' countries. These include Saudi Arabia, but also, closer to home, Bulgaria, Hungary, Poland, Romania, Greece and Italy.
The battle against soaring inflation has caused central banks around the world to tighten their monetary policy, resulting in rising financing costs for businesses at risk of liquidity problems. In this context, debt collection becomes even more challenging, especially for our export-oriented businesses.