Low number of bankruptcies in November

The Court and Commercial Gazette published the latest private firm bankruptcy numbers. It turns out that 49 companies went into bankruptcy in November. This is the lowest number of bankruptcies since January 2011 when 43 companies went under. There should be fewer bankruptcies in 2015, according to the report. The press release was published by PAP using information from the Export Credit Insurance Corporation (KUKE). The KUKE expects the total number of bankruptcies this year to be 830 and then 754 in 2015. The largest amount of bankruptcies occurred in the culture, entertainment and recreation sector. The situation in the construction sector is improving. The latest monthly figure was 21 percent lower to the one recorded in November 2013. The moving annual total of bankruptcies has improved. There are 11.5 percent less bankruptcies in the last 12 months compared to the previous 12 months.