France Business is facing the lowest payment terms figures since 20 years

The latest statistics are describing good news for those making business in France.
There is a massive decrease of the payment delays. The real payment terms are now around 60 days after the invoice, in place of 65 days two years ago. And ten years ago there were, in the average, more than 90 days between invoice and payment.
The reason are new laws and new controls coming from the Civil Service. The fines are extremely high and the big Companies had to face controls and big fines and also the publication of the procedure in the Newspapers. The targets of the Civil Servants were very high level Companies in the Insurance Business, train producers, Hotel Chains and Pharmaceutical Conglomerates.
The real news is that the big Companies are no more safe from controls and they had to pay each a 375.000 € fine for having not respected the legal terms of payment.
But the figures are not the same in all the areas of activity.
The situation is more problematic in the Transport, Logistic, Information and Communication Business.
Georges Vonfelt
www.gevo.fr