Court records are not yet computerized and must be researched in person. Registration of new companies takes 30-60 days, but delays becoming more common. Trade payment history databases are nonexistent because there is no commercial repository for this information. Agencies rely on trade references supplied by the subject company, which often respond slowly and list best-paid vendors. Due to a poor citizen record system and a lack of repositories housing credit information, it is necessary to conduct special investigations to gather information on individuals.
Legal remedies are expensive and can take years.
There are no standard terms. Conditions are declared in contracts between suppliers and buyers. Net fifteen to thirty days is a common starting point. Owens OnLine, Inc. a worldwide credit reporting agency, providing credit reports on Hungarian companies and individuals. They also provide company directories.