Euler Hermes: The number of bankruptcies grew by 29% in Q1

As many as 224 companies were insolvent in Q1 of this year, up from 173 last year, Euler Hermes said in its report. “In March alone, there were 78 Polish insolvent companies, compared to 68 such cases last year,” the company said. According to the report, the result is in line with the data from the second half of last year, meaning that this is not a growth but rather a continuous trend. The highest number of insolvencies was in the service sector (25), followed by wholesale (16) and production (15). The least number of bankruptcies was in the construction (9) and transport (5).