510 firms declared bankrupt

In August 2009, 510 businesses and institutions (excluding one-man businesses) were declared bankrupt, i.e. nearly 140 fewer than in July this year, but the number of bankruptcies was 220 higher than in August 2008.

As the number of businesses declared bankrupt in a particular month is closely related to the number of days courts are in session, it may vary strongly from month to month. Therefore, the three-monthly moving average is a more reliable indicator.

The three-monthly moving average was 619 in August, virtually the same as in July. The average has been in the same order of magnitude for five consecutive months.

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