Fulfilling the objectives of the EU Payment Observatory, the 2023 Annual Report stands as its foremost analytical output. It provides a comprehensive analysis of the trends in payment behaviour in commercial transactions in the EU from 2019 to 2022.
FEBIS Working Group on “Late Payments”, which objective is to increase and share the knowledge on this topic has released a second edition about the situation in some countries, not only on legal aspects, but also on the best practices and the impact of late payments in the economy.
One of the components of this Observatory is the Stakeholder's Forum, composed of associations, information providers, and administrations with experience in the problem of late payments.
FEBIS Working Group on “Late Payments”, which objective is to increase and share the knowledge on this topic has released a first version about the situation in some countries, not only on legal aspects, but also on the best practices and the impact of late payments in the economy.
In her State of the Union address in September 2022, President von der Leyen announced the revision of Directive 2011/7/EU on combating late payments in commercial transactions. This measure is one of the measures that will be put in place to put an end to the culture of late payments. An essential aspect is the lack of transparency, and the creation of an Observatory is one of the main measures of this project.
Results indicate that the Late Payment Directive has been associated with higher cash flow in firms that were experiencing longer time to collect their credits in the past.
On November 6, 2020, the DG Grow H1 unit of the European Commission organised a webinar on Late Payments. One of the major aims of this webinar was to help the Commission to assess the scope and data needs for setting up an EU observatory on Late Payments.