Number of bankruptcies fell by 32% in April - KUKE

The number of bankruptcies in April totaled 36 showing a decline of 32 percent y/y, Export Credit Insurance Corporation (KUKE) reported. On a monthly basis, the number of bankruptcies fell by 29.4 percent. In the last twelve months, 608 companies ceased the operations as a result of insolvency.

In comparison with April 2018, the number of bankruptcies decreased in, among others, the financial and insurance sector and production of electrical equipment. In turn, the largest increase of insolvencies occurred in operations related to culture, entertainment and recreation, furniture production and energy and gas sector.

(ISBnews)