Bankruptcies and restructuring will rise by 20.2% in 2018

The number of company bankruptcies and restructuring in Poland will increase by 20.2 percent y/y in 2018 and by 9.3 percent y/y in 2019, according to Coface estimates. In 2017 the growth amounted to 16.4 percent. In the whole Central and Eastern European region (14 countries, including Russia) an increase by 10.4 percent y/y in 2018 and by 15.9 percent y/y in 2019 is expected.

In 2017 East-Central Europe had the average GDP growth of 4.5 percent, the highest since 2008. However, favorable economic conditions were not enough to improve the liquidity of companies.

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