More Polish firms going under: report
PR dla Zagranicy
A total of 905 companies declared bankruptcy in Poland between January and November, 10 percent more than in the same period last year, trade credit insurer Euler Hermes has reported.
Eighty-one insolvencies were reported in November alone, up by 10 percent year on year, according to news portal ISBnews, citing the Court and Commercial Gazette.
The insolvencies chiefly stem from the companies’ inability to pay their suppliers and from restructuring procedures, according to reports.
Thirteen engineering companies declared insolvency last month, compared to nine in November last year.
Five large-scale agricultural producers and three enterprises specialising in renewable energy went under last month, according to Euler Hermes.
Source: IBSnews, Onet