KUKE: bankruptcy rate down in May y/y
15:37
The number of bankruptcies in May totaled 71, an increase of 18.3 percent month-on-month and a decrease of 9 percent year-on-year, according to data from the Export Credit Insurance Corporation (KUKE).
In the last 12 months (June 2014 - May 2015), the number of bankruptcies due to insolvency stood at 812. The institution has maintained its forecast for the number of bankruptcies to stand at some 754 in 2015, which is a decline of 7.8 percent y/y.
