Quarter of European bankruptcies blamed on late payments What is the Commission doing about it? euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.
What effect can late payments have on small businesses? euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.
Traditionally, small and medium-sized businesses have been better payers than their larger peers. However, recent economic challenges are proving a stiff challenge, and many are now struggling.
In its regular package of infringement decisions, the European Commission pursues legal action against EU Member States for failing to comply with their obligations under EU law. These decisions, covering various sectors and EU policy areas, aim to ensure the proper application of EU law for the benefit of citizens and businesses.
The European Commission launched an open public consultation Friday to collect information on late or unfair payment practices and payment behaviour in commercial transactions.