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Monday, May 25, 2015

Firms write off a tenth of turnover in bad debts

Greek businesses will have to write off non-performing debts adding up to 10.4 percent of their annual turnover as they can no longer expect to collect them. This is the highest rate in the European Union, according to the “European Payment Report 2015” drafted by Swedish collection firm Intrum Justitia.


READ THE ORIGINAL POST AT www.ekathimerini.com