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 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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