10 % Decrease in corporate insolvencies in February

Euler Hermes, the world’s leading credit insurer, announced that the number of corporate insolvencies in February in Poland was 54 (in comparison with 60 in February 2015). This represents a 10 percent decrease y/y. There was a drop in the wholesale sector (9 compared to 12 the previous year), while increases were observed in services (20 versus 19) and construction (7 to 6). In production it remained at the same level of 14 corporate insolvencies. "The number of bankruptcies fell in four voivodships. Companies that have disappeared from the market had been employing approx. 1,200 people, and the total annual turnover amounted to PLN 280 million," the report found.