TRENDS FOR THE DEVELOPMENT OF THE FACTORING IN EUROPEAN SPACE

Olga ȘTEFANIUC, Daniela BUMBAC Universitatea de Stat din Moldova

Abstract

A success story can be considered the european factoring industry. It offers primarily working capital for business development that move forward the economy of Europe. At the moment, factoring in the european market is growing, which determines the depth of the study of this phenomenon. Factoring has been developed as a result of the increase in sales payable in a period of 30-120-180 days from the date of delivery or the provision of services. In most European countries, as well as in North America, the supply of goods or the provision of paid services to the short term is a method commonly practiced between trade partners. European practice has shown repeatedly, factoring benefits on the activity of economic operators. Keywords: factoring, recourse factoring, domestic factoring, international factoring, claims