More corporate insolvencies in wholesale & services, fewer in construction & production
15:25
Euler Hermes, the world’s leading credit insurer, announced that the number of corporate insolvencies in March in Poland was 68, compared to 79 in March 2015. This represents a 14 percent decrease year-on-year.
The number of companies that have disappeared from the market in March equates to around 3,000 employees, and their estimated annual turnover (total) is around PLN 1.3 billion, a statement read.
The number of bankruptcies increased in wholesale (15 compared to 13 a year before) and services (from 15 up to 19), and decreased in construction (from 13 to 11) and production (from 26 to 17).
The report noted production difficulties on the domestic market in March, whereas exports were normal.
