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Discipline, Good Faith and Payment’s Loyalty ? Main Factors for Reducing the Corporate Indebtness in Bulgaria

Journal: TEM JOURNAL - Technology, Education, Management, Informatics (Vol.3, No. 4)

Publication Date:

Authors : ;

Page : 350-355

Keywords : payments; receivables; obligations; overdue receivables and obligations.;

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As a member of the European Union Bulgaria is subject to monitoring, including in the field of ecomomy. Our country complies with the rules and procedures imposed by the common European policy. Although recent analyses indicate a slight decline in corporate indebtedness, it also maintains the same high levels, thus it hides certain risks for businesses in all sectors of the economy. The delayed payment to a counterparty leads to an avalanche of delayed payments. The need for discipline, good faith and fair payments is tangible.

Last modified: 2014-12-05 08:46:57