Fewer bankruptcies, more new businesses

The number of bankruptcies fell slightly compared to the previous quarter. At the same time, the number of new entities is increasing.

The Central Statistical Office (CSO) has published a report on business bankruptcies in Poland. It shows that 80 companies went bankrupt in our country from April to June this year. This is slightly less than a quarter earlier, when the number of bankrupts was 88.

The latest data shows that the largest number of bankrupts operated in the auto trade and repair sector. Quite a few companies also went bankrupt in industry, construction and services.

The number of bankruptcies fell in the accommodation and food service, construction and information and communications industries. On the other hand, it increased in trade and repair of motor vehicles and services.

At the same time, there were more bankruptcies among limited liability companies. Their number fell among individuals engaged in sole proprietorships.

The report also shows that more and more companies are appearing on the market. In the second quarter of this year, 93.6 thousand of them were registered, compared to 92.4 thousand a quarter earlier. The highest growth in newly registered companies appeared in the information and communications sector (37.5 percent) and transportation and warehousing (13.9 percent).

Source: https://businessinsider.com.pl/biznes/upadlosci-w-polsce-dane-gus-za-drugi-kwartal-2022-r/tz62lgt