NORDIC CHAMBER Press Archive
D&B: Corporate bankruptcies up 9 % in CR, 19 % in SR
(CIANEWS) - The number of bankruptcies of companies in the Czech Republic in the year 2021 increased by 9 % y/y to 929. This follows from the analysis of 43 economies of the Global Bankruptcy Report of Dun & Bradstreet (D&B). In Central Europe, bankruptcies increased rapidly in the case of Hungary (+ 36 %), Slovakia (+ 19 %) and Poland (+ 16 %). Ukraine (+ 306 %) became the record holder, followed by Kazakhstan (+ 236 %). D&B analyst Petra Štěpánová added that Poland and Vietnam reported the highest number of bankruptcies in the monitored economies. D&B expects that the end of government aid and the Ukrainian conflict may worsen the financial situation of many European companies. The most tense situation can occur as early as 2H 2022.