Less bankruptcies in 2014

In 2014, 822 Polish companies decelerated bankruptcy, an 11 percent decrease year-on-year, according to the Euler Hermes report. The consultancy believes that 2015 won’t be better for companies as the number of bankruptcies will either stay at a similar level or rise. According to Eules Hermes, strong domestic demand was the main factor behind the drop. “The improvement was not a continuous phenomenon – there were months when the number of bankruptcies was higher than in the previous year (May, September, December). … Everything is indicating that as for now, this is the end of improving conditions for entrepreneurship,” the report stated.