Average time for claims payment collection in Serbia 141 days

(Photo: Ivana Vuksa)

Average claims payment collection in Serbia in early 2014 totaled 126 days and now, a year later, it is 141 days.

The Law on deadlines for settling debts in money transactions obliges that the state and public companies must pay for goods and services within 45 days and private firms up to 60 days, Novosti reports.

Illiquid situation crisis in economy has increased during the previous months as a consequence of decrease in purchasing power of population and salary decrease.

Economic consultant, Dragoljub Rajic, said that the average deadline in EU in 2014 was 35 days. According to him, in Macedonia, the average deadline for payment is 68 days and in Montenegro 76 days and Bosnia and Herzegovina 137 days.