Number of bankruptcies declined by 14% in H1

The number of bankruptcies amounted to 328, thus it fell by 14 percent year-on-year in the first half of 2016, according to a report compiled by Coface. The largest decline of bankruptcies, 43 percent y/y, was recorded by the Polish transport sector. Improvement was also recorded in the manufacturing (-20 percent), construction (-15  percent) and retail (-11 percent) sectors. As of the whole of 2016, Coface predicts the number of bankruptcies to fall by 8-9 percent y/y.