Number of bankruptcies at 69 in July

In July this year, 69 Polish companies declared bankruptcy, compared to 79 in July 2014, according to a report issued on Wednesday by Euler Hermes. In January-July 2015, there were 465 bankruptcies, a decline of 6 percent y/y. The improvement was largely due to a better situation in the construction and food sectors, as well as due  to the growing number of investments, the report said.