Number of insolvencies of Polish companies breaks records

The number of insolvencies of Polish companies published in official sources (Monitor Sądowy i Gospodarczy) reached after eight months of 2020 record level of 722 enterprises, i.e. 10 percent more than last year and the highest number in the current decade. In July and August, the two highest insolvencies readings were recorded – 131 and 111 respectively.

Increases in insolvency were recorded in all sectors, which means that its nature is systemic and heralds a longer trend.