Number of bankruptcies in Q1-3 falls 1% y/y – Coface
14:33
The number of company bankruptcies in the first three quarters of 2016 was 559, which means a 1 percent drop y/y, according to a report by the firm Coface.
The report indicates that the drop in bankruptcies and restructurings observed earlier in transport (-53 percent) and production (-27 percent) has continued. The situation in the construction sector is stable compared to last year, while bankruptcies have increased in trade (11 percent) and other sectors (16 percent).
“For the end of 2016, Coface forecasts a 6 percent y/y growth in the number of bankruptcies and restructurings. This indicates not only a worsening of the microeconomic situation, but also increased use of restructuring options, which as recently as last year were not available to Polish companies”, the report added.
