A new series of reports, intended to assist British exporters in protecting themselves against bad debts in three European Union accession states, has been published by credit company Atradius.
The country reports on the Czech Republic, Poland and Hungary provide detailed intelligence on country credit ratings and economic outlook, recommended payment options and related issues.
The company says that few businesses factor in local differences in business procedure when doing business in jurisdictions in which they may have limited experience. Examples of local 'nous' that may be assist UK exporters include:
- In the Czech Republic, recovering a debt through the court system takes on average almost a third as long again as elsewhere in Europe. Czech insolvency proceedings routinely take up to...