KUKE: 1,100 companies will go bankrupt this year

The Export Credit Insurance Corporation (KUKE) estimates that In 2018, about 1,100 companies will declare bankruptcy, up from the previous 1,000 estimation. KUKE bases its forecast on assuming the rate of economic growth in 2018 at the level of 4.3 percent. and increasing the net turnover profitability ratio of companies to 4.6 percent. “The decisive factor will be the increase in the number of entities undergoing restructuring due to the popularization of a relatively fresh solution, while at the same time a slight increase in the level of bankruptcy,” KUKE explained its revised forecast.