Significant increase of microcompanies closed in March

As many as 23,874 sole propietorship companies were established in March, an increase of 2,500 month-on-month, however, 28,297 were shut down in the same period, 7,605 more than in February 2015, according to the Central Statistical Office (GUS). In March 2014, 22,724 sole propietorship companies were closed. The average monthly number of new microcompanies registered in the last 12 months stood at 24,000.