Euler Hermes: 80 bankruptcies in October

In October, 80 Polish companies were declared bankrupt, compared to 66 last year, according to a report issued by Euler Hermes. Since the beginning of the year, 753 companies were declared bankrupt, a 15 percent growth y/y. According to Euler Hermes the number of bankruptcies will remain at this level until the end of the year. It should, however, drop next year due to the so-called “statistical base” (higher base this year), and investments growth.