Construction companies facing more bankruptcies and restructuring

Although the demand for construction services will remain strong, the liquidity of construction companies will continue to deteriorate, and an increasing number of them will have problems with debt due to rising costs, said Coface chief economist in Central and Eastern Europe Grzegorz Sielewicz.

Locked content COIG: 213 companies went bankrupt in Q1

According to the data released by the General Economic Information Center (COIG), 213 companies filed for bankruptcy in Q1. This is a 13 percent increase y/y. The main reasons are insufficient capital invested when setting up a business, too little knowledge about tax regulations, legal aspects and ...

Locked content Coface: Bankruptcies grow by 16% y/y in 2017

The number of bankruptcies and restructurings in H1 of 2018 amounted to 467, which is 21 percent more than last year, according to a report by Coface, which forecasts that the figure will grow by 29 percent y/y at end-2018. Bankruptcy remains the most popular form of default, representing 59 percent...

Locked content 70 companies went bankrupt in May – Euler Hermes

In May 70 companies went bankrupt in Poland versus 56 firms a year ago, Euler Hermes reported. This is a 25 percent increase y/y. The biggest number of bankruptcies occurred in the service and production industries. In January-May 406 Polish companies were declared bankrupt compared to 347 in the sa...

Locked content Euler Hermes: 73 bankruptcies in November

In November, 73 Polish companies were declared bankrupt, the same as last year, according to a report issued by Euler Hermes. Since the beginning of the year, 826 companies were declared bankrupt, a 13 percent growth y/y. According to Euler Hermes the number of bankruptcies will remain at this level...

Locked content Euler Hermes: 80 bankruptcies in October

In October, 80 Polish companies were declared bankrupt, compared to 66 last year, according to a report issued by Euler Hermes. Since the beginning of the year, 753 companies were declared bankrupt, a 15 percent growth y/y. According to Euler Hermes the number of bankruptcies will remain at this lev...

Locked content Bankruptcies down 3.4% y/y – KUKE

The number of bankruptcies in September totaled 57, an decrease of 3.4 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month terms, the figure increased by 7.5 percent. KUKE estimates that some 550 companies will be declared bankrupt in the entire 2017...

Locked content Number of bankruptcies in Q1-3 grew by 14% y/y – Coface

The number of bankruptcies and restructurings in the first three quarters of 2017 amounted to 635, which is 14 percent more than last year, according to a report by Coface. Due to changes to the law, which made implementing restructuring processes to avoid bankruptcies easier, the number of companie...

KUKE: Bankruptcies up by 7.4% in July

The number of bankruptcies in July totaled 58, an increase of 7.4 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month term, the figure increased by 20.8 percent.