Swiss companies among Europe’s most punctual payers
Swiss companies have a high level of payment discipline and occupy a leading position in Northern Europe, according to a new analysis.
This content was published on
2 minutes
Keystone-SDA
Do you want to read our weekly top stories? Subscribe here.
In particular, 68.8% of Swiss companies make their payments on time, the Payment Study 2024 published by management consultants Dun & Bradstreet on Thursday showed. The analysis examined the payment behaviour of companies in over 30 countries.
In a European comparison, only companies in Denmark (94.2%), Poland (82.7%) and the Netherlands (76.1%) were found to pay more punctually than those in Switzerland. Companies in southern European countries such as Spain (46.7%), Italy (41.1%) and Portugal (19.2%) ranked lower in terms of payment behaviour.
More
More
Tax debt study finds 16% of Swiss struggle to pay up
This content was published on
Only 77% of Swiss manage to pay their taxes on time. Some Swiss take loans and fall into debt to settle their taxes. Others get extensions.
A comparison of sectors in Switzerland reveals an uneven picture: companies in the construction (75.2%) and finance (73.5%) sectors are very reliable, followed by wholesale (63.3%) and retail (62.9%). Meanwhile, a significant decline in punctual payments in the transport and logistics, communication services and local and long-distance transport sectors is particularly striking.
At the same time, a global trend is continuing: smaller companies often pay more punctually than large corporations.
Adapted from German by DeepL/kc/ts
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Popular Stories
More
Foreign affairs
Magnitsky case: How Switzerland failed to investigate Russian millions
What do you think Switzerland’s Alain Berset can bring to the Council of Europe?
The former interior minister is to become the first Swiss Secretary General of the Council of Europe – which issues should his five-year term focus on?
Initiative for Switzerland to back nuclear weapon ban launched
This content was published on
The Alliance for a Nuclear Weapons Ban has launched a popular initiative for Switzerland to join the UN Treaty on the Prohibition of Nuclear Weapons.
Swiss film director faces backlash over AI-written screenplay
This content was published on
Complaints from film fans over the use of AI has led Prince Charles Cinema in London to cancel the premiere of The Last Screenwriter.
Prices of certain cheap medicine to rise sharply in Switzerland
This content was published on
Consumers in Switzerland face higher prices for certain common medicine following a reform of the pricing system that came into force on July 1.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.