The past year brought 941 corporate bankruptcies in Poland - some 28 percent more than 2011 - according to data published in the Court and Economic Monitor. For context, the increase in the number of bankruptcies was higher than that of Spain, where 24 percent more companies fell in 2012 than in 2011.
The Polish rate was more in line with Greek year-on-year bankruptcy increases (30 percent). Construction firms were hit hardest, with 273 companies going belly up. That's not only 87 percent more than in 2011, but also over seven times more than five years ago.
Other popular casualties of bankruptcy included meat companies, wholesale and retail distributors, furniture companies, transportation companies and firms in the metals sector.
From Warsaw Business Journal
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