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More businesses in Finland find it hard to pay their bills
Tuesday, 18 October 2011
More businesses in Finland are facing difficulties in paying their bills. Over 28,000 firms defaulted on payments during the third quarter of this year. This is a 6.5 percent increase over the same period last year.

Relatively most payment defaults occurred in the hotel and restaurant sector, where just over one in 10 firms received reminders from debt-collection agencies. However, the number of payment difficulties was greatest in the construction sector, the number of which was over 36 percent more than a year ago.
Payment defaults were made by firms of all sizes, but mostly in small businesses employing from 10 to 19 employees.
The greatest regional increase in payment defaults was once again reported in Ostrobothnia. However eight percent of firms in the Uusimaa area of southern Finland, which includes Helsinki, failed to pay up on time.
This data is based on information received from the web service of debt-collection agencies JM Tieto and Intrum Justitia.
News source: Yle, Finland

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