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The proportion of past due B2B invoices is the second highest in the region and almost 60% of Polish respondents said that this affected their businesses.
2018 brought many changes in Turkey – more frequent payment delays, increases in the proportion of overdue B2B invoices and DSO, a longer payment duration.
It seems that the market is rather resilient in the light of the ongoing Sino-US trade dispute, but overcapacity in the electric car segment is increasing.
Any imposition of tariffs on car parts and vehicle imports would severely impact the US automotive industry, most probably leading to more insolvencies.
Both payment delays and insolvencies are expected to increase in the coming months as decreasing investments and lower production will impact suppliers.