COIG: 138 companies went bankrupt in Q1
20:50
According to the data released by the General Economic Information Center (COIG), 138 companies filed for bankruptcy in Q1 this year, down from 154 y/y. This number is however misleading as the law in Poland has changed, starting from this year. Now, companies instead of filing for bankruptcy, can start a restructuring process instead. In Q1 the number of such firms stood at 87, up from 14 last year. When adding the figures, the 225 number is higher than figures from Q1 form the last three years, COIG explained.
