Marmura Product, a company with 367,000-euro turnover in 2008,which specialises in manufacturing and selling marble and graniteproducts, has come to deliver products to its clients only for cashdespite risking to lose clients, in a bid to avoid problems causedby late payments. "We've preferred losing clients because we cannotmake a clear distinction between reliable and unreliable clients,"says Mihai Bardinici, a shareholder in the company. NBR data showthere are no signs of companies' cash reserves rebounding inFebruary, either, with bounced payments reaching 720m RON (175meuros), up 17.7% compared with the same month of 2009. Against themonthly average of second half of 2009, bounced payments because ofthe lack of enough money in accounts are falling, indicating arising number of firms no longer accepting payment instrumentsrather than cash flow improvement. Amid the rising number ofpayment incidents, firms have started taking more precautions andsay the system of payment instruments needs to be revised.
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