More than 380 businesses and institutions bankrupt in May

More than 380 businesses and institutions (excluding one-man businesses) went bankrupt in May 2006. The number is higher than in April, but below the level of May 2005.

The number of businesses declared bankrupt in a particular month also depends on the number of days courts are in session, so the number may vary strongly from one month to the next. Therefore, the quarterly average is a more reliable indicator. In May, the average stood at 382, almost the same as in April, and slightly lower than in the first quarter.

The number of bankruptcies shows a downward trend. In the first quarter of 2006, it declined compared to the previous quarter. Moreover, the number of bankruptcies in this year’s first quarter was the lowest in three years.

Bankruptcies of businesses and institutions (excluding one-man businesses)