H1 bankruptcies up by 22% y/y - Euler Hermes

In H1 511 companies went bankrupt, 22 percent more compared to a year ago,  Euler Hermes reported. In June there were 105 bankruptcies registered, which is a 48 percent increase versus June 2017.  Euler Hermes stated that the number of bankruptcies grew in all sectors. Polish companies rather do not benefit from the economic growth. Profitability margins remain low, greater investments of equity capital are needed and labor costs grow,  Euler Hermes stated. The firms in Poland also often fail to create own brand and have management inefficiencies.