Last year factoring companies in Slovakia complained about the lack of awareness of their product among entrepreneurs. A year on they are smiling and a quick look at their last year’s results reveals why. Factoring companies associated with the Slovak factoring association increased their turnover by three-fifths on a year-on-year basis. It rose by more than Sk26.5bn, pushed up by its newest member – Factoring Slovenskej Sporitelne. Members collectively agree that entrepreneurs are showing an increased interest in factoring.
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