Companies / Spain
Spanish Medicine Debt Grows
March 2006 | Company Finance AlertSpain's autonomous regions owe more than EUR2bn to pharmaceutical companies and figure is rising, according to industry association Farmaindustria. Valencia owes the most (EUR607mn; US$734mn), followed by Anadalucia (EUR591mn; US$715mn). These regions delayed their payments by 759 days and 517 days, respectively. The national average was 329 days.
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