By: Beatriz Pozo, Gabriele Freo, Fredrik Andersson, Alice Orlandini, Agustina Korenblit, Leon Wolf, Cinzia Alcidi, Sose Mayilyan, Julia Rzepecka
In 2023, the share of enterprises experiencing problems because of late payments in the EU experienced its highest increase in the past five years. Average payment periods seem to have deteriorated, albeit more on Business to Business (B2B) than on Government to Business (G2B) transactions. Regardless, governments continue paying later than businesses and larger companies remain less likely to pay on time in most Member States.