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Polish corporate bankruptcies down 26 pc y/y in Q2

August 12th, 2019

One hundred and thirty one companies went bankrupt in the second quarter of 2019, a 26-percent decrease against the same period of 2018, according to a Monday statement by Poland's Central Statistical Office (GUS). The largest decrease in the number of bankruptcies was recorded in industry (26 against 41 in Q2, 2018), trade, automotive repair (44 vs 51), construction (19 vs 24), transport and storage (9 vs 10). The largest increase in bankruptcy was reported in services, 21 percent, as compared to 17 percent in the second quarter of 2018 as well as in hospitality (4 pc vs 2 pc), GUS said.


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