Bankruptcies continue to decline in Poland
PR dla Zagranicy
Alicja Baczyńska
05.11.2015 11:57
The number of insolvencies filed in the first ten months of 2015 has gone down by 11 percent year on year.
virgin.com
A total of 629 companies have gone bust in the year to October, marking a two-digit drop from 711 in 2014 in y/y figures, according to the latest report by credit insurance company Euler Hermes.
Also, 55 firms went belly up last month, which is 30-percent fewer than in October 2014, statistics show.
As one of the authors of the report, Grzegorz Błachnio, points out, bankruptcies have dropped in sectors across the board. "Although not everywhere was the downtick as significant as one would expect," he added, indicating construction as one example.
Economists, meanwhile, approach the downward trend with reserved optimism due to a hike in bankruptcies registered in the Mazovian (Warsaw) and Silesian provinces - the country's economic powerhouses - in October. (aba/rk)
Source: IAR