Significant decline in corporate insolvencies in March
14:09
Euler Hermes, the world’s leading credit insurer, announced that the number of corporate insolvencies in March in Poland was 68, compared to 79 in March 2015. This represents a 14 percent decrease year-on-year.
The number of bankruptcies increased in wholesale (15 compared to 13 a year before) and services (from 15 up to 19), and decreased in construction (from 13 to 11) and production (from 26 to 17).
In the last 3 months (January 2016 - March 2016), the number of bankrupt companies stood at 173, compared to 200 bankruptcies in the corresponding period of 2015.
The report noted production difficulties on the domestic market in March, whereas exports were normal. Also, a positive situation in the construction area was marked - three years at a low level of bankruptcy.
