PMR Online access    |   tel. +48 12 340 51 00    |   E-mail: info@pmrcorporate.com
 


 

Business failures almost back to year-ago levels in Q1-Q3


2011-09-30



A total of 491 companies were declared bankrupt by Polish courts between 1 January and 28 September, i.e. 6% lower compared with the same period a year earlier, according to latest data from Dun & Bradstreet (D&B), the leading global supplier of business information. However, bankruptcy statistics have been deteriorating steadily in recent months, and are now almost back to year ago levels, compared with a drop of 22% y-o-y for the first quarter of 2011 and of 15% y-o-y for the six months to June. According to Tomasz Starzyk of D&B, on current trends the full-year figure will match the 2010 level and might even surpass it. The company expects the number of business failures to reach 670 by the end of the year, up from 668 in 2010.

The situation is particularly difficult in the construction sector, where the number of bankruptcies rose by 22% y-o-y to 94 in January-September, whereas declines were noted in furniture, textiles and footwear, for example. Young firms (on the market for up to 10 years) are more vulnerable than most, as are microfirms.

There are significant regional differences, with 10 voivodships reporting a fall in bankruptcies in Q1-Q3 (including Mazowieckie and Slaskie), five an increase (including Dolnoslaskie), and one (Opolskie) no change.



Browse and search in our archive »


subscribe to PMR RSS NEWS channelsSubscribe to PMR RSS NEWS channels »




Free monthly e-letter containing latest news, analyses and business information on economic situation in Poland, Russia, Bulgaria, Czech Republic, Hungary, Romania, Slovakia, Ukraine, Kazakhstan.
Relevant news
 

Useful links         Privacy Policy
Copyright © 2018 PMR. All rights reserved.

PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.