Locked content Euler Hermes: 67 bankruptcies in April

In April, 67 Polish companies were declared bankrupt, compared to 66 last year, according to a report issued by Euler Hermes. Since the beginning of the year, 291 companies were declared bankrupt, a 22 percent growth y/y. According to Euler Hermes most bankruptcies are caused by low profitability of...

KUKE: Bankruptcies down by 20.4% in April

The number of bankruptcies in April totaled 43, a decrease of 20.4 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month term the figure fell by 2.3 percent.

Locked content KUKE: Bankruptcies down in March

The number of bankruptcies in March totaled 42, a decrease of 30 percent y/y, according to data from the Export Credit Insurance Corporation (KUKE). In month-to-month term the figure remained unchanged. “If we assume a 3.7 percent GDP growth for this year, and the increase of net profit margin by 4....

Locked content Euler Hermes: The number of bankruptcies grew by 29% in Q1

As many as 224 companies were insolvent in Q1 of this year, up from 173 last year, Euler Hermes said in its report. “In March alone, there were 78 Polish insolvent companies, compared to 68 such cases last year,” the company said. According to the report, the result is in line with the data fromR...

Locked content COIG: 138 companies went bankrupt in Q1

According to the data released by the General Economic Information Center (COIG), 138 companies filed for bankruptcy in Q1 this year, down from 154 y/y. This number is however misleading as the law in Poland has changed, starting from this year. Now, companies instead of filing for bankruptcy, can s...

Locked content Bankruptcies on the rise in January

In January, 69 Polish companies were declared bankrupt, which is a 44 percent rise year-on-year, according to a report issued by Euler Hermes. The highest number of bankruptcies was recorded in the manufacturing sector – 18, up from eight last year. According to Euler Hermes this was caused by lack ...

Locked content KUKE: The number of bankruptcies in 2017 to remain unchanged

The number of companies that will go bankrupt in 2017 will amount to around 600, according to the Export Credit Insurance Corporation (KUKE) forecasts. This would be a similar result to 2016. In month-on-month terms, in January the number of bankruptcies dropped by 4.1 percent to 47. In last 12 mont...

Locked content Consumer bankruptcies increased twofold in 2016

As many as 4,450 people have filed for consumer bankruptcy in 2016, up from 2,113 in 2015, according to data released by BIG InfoMonitor. The value of an average debt was PLN 180,876 last year, a drop from PLN 230,709 recorded in 2015. In 2015, the Polish law on personal bankruptcies was amended mak...