Number of bankruptcies in Poland falls by 9% y/y in October, but rises by 3% ytd

By bne IntelliNews November 5, 2013

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.

Related Articles

Poland’s Enterprise Investors acquires Croatian grocery chain Studenac

Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors, signed an agreement to acquire a 100% stake in Studenac, a network of neighbourhood grocery stores operating in ... more

Polish PM takes over supervision of PKN Orlen and Lotos

Poland’s Prime Minister Mateusz Morawiecki has taken over supervision of two state-controlled oil and gas companies, PKN Orlen and Lotos, the energy ministry said on June 5. Stripping the ... more

CEE's oldest accelerator StartupYard picks six startups for crowdsourced funding

Prague-based start-up accelerator StartupYard will distribute up to CZK20mn (€782,000) to young companies to help them grow their businesses. The money was raised via a crowdfunding campaign ... more

Dismiss