Posted by on 24 Sep 2010. Filed under Business, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Bankruptcies down 40% this summer

When the economic crisis fully kicked into the Slovak economy, the number of bankruptcies soared. This trend halted in the summer, though.

Whereas before there was an average of 2 bankruptcies a day being registered, July saw the overall number of bankruptcies drop by 40%. The Dlznik.sk internet portal quoted 55 bankruptcies in July and August last year, while this year it was just 33.

The upswing is thanks to better payment discipline being restored among companies, and the situation has been boosted by the economic recovery in Europe.

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