Fewer bankruptcies in July – KUKE
05:08
In July, 44 companies declared bankruptcy, which is 15.8 percent less than in June, and 4.3 percent down from July 2018, export insurer KUKE stated. The main risk factors for Polish exporters are declining economic activity in the eurozone area, as well as the possibility of a hard Brexit, while exchange rate adjustments improve Polish goods’ competitiveness in other markets. “Despite rather pessimistic signals from Poland’s main trading partners, international trade results are not bad. We overtook the UK as one of Germany’s key trade partners and we became the top importer of Ukrainian goods, overtaking Russia,” said deputy head of KUKE, Tomasz Ślagórski.
(PAP)
