Greece collection profile

Greece-bnr

 

Collecting in Greece

  • Late payments in Greece are frequent and, despite regular improvements, the average DSO remains high compared to other EU markets – 100 days on average. This is not entirely surprising as the law has implemented EU rules on late payment with flexibility.

  • Although the courts are fairly reliable, the legal process remains slow, despite recent procedural amendments to comply with EU requirements in order to streamline of the process. Enforcement may also be difficult as debtors are often well aware of loopholes in the system.

  • Insolvency law provides a debt renegotiation mechanism, although collecting money at this stage remains a significant challenge.

 

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    Greece

    Greece

    Collection complexity

    high-2

    Collection relating to

    Payments
    $-3
    Court
    proceedings
    Gav-2
    Insolvency
    proceedings
    Arrow-2

     

     

    Publications about Greece

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