Bankruptcy figures not optimistic - KUKE

There were 81 bankruptcies recorded in Poland in October 2014, according to data from the Export Credit Insurance Corporation (KUKE) quoted by ISBnews. The figure was equal to the one recorded in October 2013 and 14.1 percent lower than in September 2014. The October balance is not optimistic, KUKE said. “In the last period of the year we will observe worse statistics due the statistical base effect. In November and December 2013 few companies went bankrupt,” the statement said. KUKE expects that in 2014 in total there will be 830 bankruptcies, which will be 6.3 percent less than in 2013.