Locked content 723 companies went bankrupt in 9 months

In 9 months as many as 723 companies went bankrupt in Poland, Euler Hermes reported. This is a 7-percent increase compared to 673 bankruptcies in the corresponding period of last year. Euler Hermes expects the number of bankruptcies to grow by about 10 percent annually in 2018 and a subsequent incre...

Locked content Bankruptcies down in September – KUKE

The number of bankruptcies in September totaled 33, a decrease of 42.7 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month term, the figure dropped by 34 percent. “Despite the continued difficult situation in the construction industry, mainly related...

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 in...

Locked content Number of bankruptcies in Q1-3 grew by 15% y/y – Coface

The number of bankruptcies and restructurings in the first three quarters of 2018 amounted to 728, which is 15 percent more than last year, according to a report by Coface. The sector most affected by bankruptcies and restructurings is trade, where 175 companies either filed for bankruptcy or implem...

Locked content Insolvencies up by 13% in August – Euler Hermes

As many as 90 companies became insolvent in August, which is a 13 percent y/y increase, Euler Hermes said. Since the beginning of the year, 670 firms became insolvent, which is 13 percent more than in the corresponding period of last year. “It can be clearly seen that in the vast majority of cases, ...

Locked content 4,234 people declared bankruptcy in Jan.-Aug.

In the first eight months of this year, 4,234 people declared bankruptcy, according to BIK and BIG InfoMonitor data. Their debts amounted to about PLN 490 million at the end of August. Those who declared bankruptcy in the period from 2015 to Aug. 2018 had more than PLN 2 billion debts in banks and s...

Locked content Bankruptcies in July down 15.5% – KUKE

In July 49 companies went bankrupt, 15.5 percent less versus a year ago, Export Credit Insurance Corporation (KUKE) reported. On a monthly basis, the number of bankruptcies in July fell by 18.3 percent from 60 bankruptcies in June. Assuming economic growth rate of 4.4 percent in 2018 and net turnove...

Locked content KUKE: 1,100 companies will go bankrupt this year

The Export Credit Insurance Corporation (KUKE) estimates that In 2018, about 1,100 companies will declare bankruptcy, up from the previous 1,000 estimation. KUKE bases its forecast on assuming the rate of economic growth in 2018 at the level of 4.3 percent. and increasing the net turnover profitabil...

Locked content H1 bankruptcies up by 22% y/y – Euler Hermes

In H1 511 companies went bankrupt, 22 percent more compared to a year ago,  Euler Hermes reported. In June there were 105 bankruptcies registered, which is a 48 percent increase versus June 2017.  Euler Hermes stated that the number of bankruptcies grew in all sectors. Polish companies rather do not...

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.