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.

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...