ICAP CRIF: Five months to pay a bill is the economy’s average for 2025
Aurel Dragan11/08/2026 | 13:10
The average payment period for an invoice for the supply of goods or services in the B2B (business-to-business) segment was 144 days in 2025, almost five months, according to an analysis conducted by ICAP CRIF, the market leader in credit risk solutions and business <a href="https://bitcomme.com/north-carolina-central-university-opens-ncs-first-artificial-intelligence-building/” title=”North Carolina Central University opens NC's first artificial intelligence building”>intelligence in South-Eastern Europe.
The indicator estimates how long it takes for a company to generate through its activity a value equivalent to the current debts existing at a given time and has been tested in numerous situations. The 144 days represent the average, consolidated capacity of the Romanian business environment to pay its invoices based on the revenues generated.
“This indicator allows us, for example, to generate alerts by activity areas and segments, even down to a specific CAEN activity code. If you want to do business with a partner in a specific field, we can give an estimate of the payment term. If it turns out that they can pay faster than average, no one has complained yet. But, in general, this indicator reduces the likelihood of negative surprises. We can do extremely detailed analyses, starting from the activity object CAEN code”, explains Theodoros Polydoros, Executive Director, ICAP CRIF.
CAEN stands for Classification of Activities in the National Economy and defines the object of activity of a company, depending on the classification of economic activities in Romania.
The analysis generated by ICAP CRIF reveals that for the almost 40,000 companies in real estate transactions, the indicator of the estimated average payment duration is over 670 days – this is the average capacity of the sector to pay current invoices compared to consolidated turnover.
At the opposite end, the 35,000 companies in the Health and Social Assistance section have a debt payment index of only 100 days, but the over 200,000 firms in Retail fare best, with an average payment duration of only 99 days.
“These average values, in which the positive payment record is almost three months, give part of the perspective on the economy and business environment in Romania, which must, however, be complemented with quite a few other indicators for a complete picture,” explains Theodoros Polydoros.
ICAP CRIF is part of the CRIF group, the market leader in credit risk solutions and business intelligence in South-Eastern Europe, which provides integrated expertise in the markets of Greece, Romania, Bulgaria and Cyprus.
ICAP CRIF provides innovative solutions structured in five main areas: business intelligence and credit risk management, rating services, marketing and sales solutions, advanced data technologies and analytics, as well as consulting services. Through these, the company supports organizations in strategic decision-making, risk assessment and sustainable development.
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