Number of bankruptcies up in September - KUKE

There were 71 bankruptcies recorded in Poland in September 2014, according to data from the Export Credit Insurance Corporation (KUKE) quoted by ISBnews. The figure was 6 percent higher than in September 2013 and 12.7 percent higher than in August 2014. The institution said that the result is disappointing and reflects a slowdown in economic growth. The KUKE said that it raised its forecast for the full year to 820 bankruptcies, 7.4 percent less than in 2013. It had earlier expected 787 bankruptcies in 2014.