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Settling Late Payments on Time Report 
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The MBB have issued a report on the implications of Late Payments on Maltese business following a survey conducted amongst the members of the Malta Chamber.
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The scope of this report is to evaluate the extent of the problem of belated payments by public and private bodies in commercial transactions. A study in this regard was carried out amongst different business sectors of the Malta Chamber of Commerce, Enterprise and Industry in order to better gauge the impact that late payments have on their commercial operations within the general supply-provision and services-rendering business. This study therefore focuses on those economic sectors supplying services in the form of a tangible good(s) to both public and private purchasers, consequently obtaining a comparative perspective on the credit settlement patterns by public and private clients.
This questionnaire had the dual aim of eliciting reactions to the Commissions recast proposals of the current Late Payments Directive while also assessing the competitiveness-related implications of late settlement of invoices on the Maltese SME segment, especially within the context of the international economic downturn. Therefore it is important to note that the report is based on the feedback which the MBB has received from member companies on the basis of a questionnaire circulated recently over a number of weeks.
The reactions received by the members of the Malta Chamber concentrate on the effectiveness of the draft recast of the Commission proposal which supposedly reinforces payment terms and on the framework factors perceived to be conditioning the settlement process in relation to outstanding payments in particular by public authorities.
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