Number of bankruptcies down in June

In June 2014, 76 Polish companies were officially declared bankrupt, according to a report issued by Euler Hermes on Wednesday. A year ago the June figure was 85. Throughout the first half of 2014 the recorded number of bankruptcies was 418 compared to 483 in the corresponding period of 2013. Euler Hermes remarked that a large number of service firms have gone bankrupt, as consumers’ revenues are not growing. The number of bankruptcies in the construction sector remains stable, but the focus has shifted from specialized to general contractors.