The number of companies declared bankrupt decreased to 85 cases in October from 93 cases a year ago, insurer Euler Hermes has reported citing data from the Polish courts. Ytd, the number of bankruptcies rose to 798 cases from 774 cases a year earlier.
Euler Hermes pointed to this year's second culmination of bankruptcies in the construction sector, but added that last year's number (25 cases) was lower than a year ago (but it was the second-highest monthly number of bankruptcies this year, after July).
In October, bankruptcies were noted most often among food producers, clothing and footwear firms, printing companies as well as manufacturers supplying the construction sector.
Euler Hermes also notes that today, many enterprises is in a better shape than during the 2008/2009 crisis, but their situation is still worse than in 2007 or in 2010.
Poland passed a bill on January 26 making it illegal to claim Poles or the Polish state were complicit in Nazi crimes during the Second World War, sparking an angry response from Israel, which ... more
Poland’s National Broadcasting Council (KRRiT) has cancelled on January 10 its own decision to fine the US-owned media group TVN PLN1.48mn (€350,000) for covering protests against ... more
Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more