Bankruptcies down by 1.8% in Q2 – KUKE

There were 224 bankruptcies recorded in Poland in the second quarter of 2014, according to data from the Export Credit Insurance Corporation (KUKE) quoted by ISBnews. The figure was 1.8 percent lower than in the corresponding period of 2013. In June alone, 76 companies were declared bankrupt, reflecting a 2.6 percent decline month-on-month and a 10.6 percent drop in year-on-year terms. KUKE said that it maintains its forecast of 787 bankruptcies in 2014, 11.2 percent less than in 2013.