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.

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