KUKE: Bankruptcies down by 14.9% in July

The number of bankruptcies announced in July 2014 declined by 14.9 percent year-on-year to 80, according to data from export credit insurer KUKE quoted by ISBnews. Between June 2013 and July 2014 the number of bankruptcies was 822. A year earlier the figure was 939. Construction remains most prone to insolvency with the rate of bankruptcies at 2.98 percent. The culture, entertainment and recreation segment is not faring much better, with a 1.8 percent bankruptcy rate.