Locked content 824 companies went bankrupt in Jan.-Oct. – Euler Hermes

During the 10 months of this year, 824 companies in Poland went bankrupt, which is an increase of 9 percent y/y – Euler Hermes reported. In October alone 101 cases of insolvency were registered versus 80 a year ago (an increase of 26 percent y/y). The number of insolvencies compared to the pre...

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 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, ...

Number of insolvencies up by 14% y/y in H1

The number of insolvencies of Polish companies increased by 14 percent y/y to 580 in the period from January to July 2018, according to Euler Hermes on the basis of official data from Court and Economic Monitor. The transport sector saw the most insolvencies where the y/y increase amounted to 29 per...

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...

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 Insolvencies up by 8% in February – Euler Hermes

As many as 76 companies became insolvent in February, which is 8 percent y/y increase, Euler Hermes said. The largest number of companies filed for insolvency was once again seen in the construction sector. “If we assume that the construction industry includes, the contractors of the works, as well ...

Locked content Insolvencies up by 19% in January – Euler Hermes

As many as 82 companies became insolvent in January, which is 19 percent y/y increase, Euler Hermes said. Euler Hermes points out that the main problem companies have of extending payment terms is the lack of a cushion caused by low margins. The largest increases were recorded year-on-year in wholes...

Locked content Euler Hermes: Insolvencies reach 900 in 2017

As many as 900 Polish companies became insolvent in 2017, which is a 12 percent increase y/y, said Euler Hermes in its report. Euler Hermes points out that the biggest problems companies face is lack of financial cushion caused by low margins which in turn prolong the maturity of invoices. In transp...