While the overall decline may initially appear promising, it has to be put into perspective. The reduction in bankruptcies is primarily attributed to companies without employees, experiencing a 14% decrease, as well as holding companies and investment funds, witnessing a significant 26% drop.
However, a closer examination reveals a contrasting picture for businesses with employees, where bankruptcies registered an 11% increase. Notably, among companies with more than 10 employees at the time of bankruptcy, the figures surged by a substantial 39%, as stated in STATEC’s press release published on Wednesday.
Sectors most impacted by this upward trajectory in bankruptcies include real estate (+41%), and construction (+36%). On the other hand, the number of bankruptcies fell in the retail (-8%) and hospitality (-9%) sectors.
