Number of bankruptcies down in August - KUKE

There were 63 bankruptcies recorded in Poland in August 2014, according to data from the Export Credit Insurance Corporation (KUKE) quoted by ISBnews. The figure was 6 percent lower than in August 2013 and 21.3 percent lower than in July 2014. The decline in the number of bankruptcies last month is most likely seasonal, the KUKE said. It is typical for August and September. KUKE said that it maintains its forecast of 787 bankruptcies in 2014, 11.2 percent less than in 2013.