KUKE: number of bankruptcies up by 14% y/y in January

The number of companies, which declared bankruptcy grew by 14.3 percent y/y to 64 in January, Export Credit Insurance Corporation (KUKE) said. After a short-term improvement observed in the second half of last year, January showed the highest bankruptcy level in six months.

The companies from the pharmaceutical, mining, and energy sectors are more likely to go bankrupt. In 2019 the number of bankruptcies may reach 1200, KUKE estimated.