KUKE: Bankruptcies down by 20% y/y in Jan
12:15
The number of bankruptcies in January totaled 47, a decrease of 16.1 percent month-on-month and a decrease of 20.3 percent year-on-year, according to data from the Export Credit Insurance Corporation (KUKE).
In the last 12 months (February 2015 - January 2016), the number of bankruptcies due to insolvency stood at 725. The institution forecasts that the number of bankruptcies is to stand at some 704 in 2016, which is a decline of 4.8 percent y/y.
