Only about one in three Italian
businesses are able to meet their payment obligations on time
due to the long-running economic crisis, according to a survey
released Monday.
The study by CRIBIS, a credit and information agency in
Bologna, found that 36.3% of those surveyed in March said they
were punctual in making payments.
That was a drop of 4.6% compared with the same time last
year.
The quickest rate of payments was found among businesses in
the Emilia-Romagna region, with 46.6% saying they paid on time.
The slowest rate was reported in Sicily with 18-9% saying
they paid debts promptly.
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