Number of bankruptcies expected to grow

THE NUMBER of bankruptcies in Slovakia will grow by 8.7 percent this year to 1,788, according to a study by insurance group Euler Hermes.

Not even the fast growth expected in the country's economy can avert this trend, the Hospodárske noviny daily wrote.

Justice Ministry statistics show that 1,645 companies filed for bankruptcy last year. According to Helena Múdra from Euler Hermes, 80 percent of all proposed bankruptcy proceedings were rejected on the grounds of the complete insolvency of the bankrupt entities. According to Múdra this is an alarming figure, as it shows that the number of companies with absolutely no assets is increasing.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

The fountain in its current shape and visualisation of its refurbishment.

The biggest fountain in Bratislava will gush water again

The Družba fountain on Námestie Slobody Square will be renovated after 40 years. Take a look at what its dilapidated interior looks like before the reconstruction.


24. nov
Slovakia's only LGBTI sports club, Lotus Flowers, brings the LGBTI community and their allies together, and even some anti-LGBTI people.

Slovak gay sportspeople live among us (but they hide their sexuality)

A decade ago, gay people founded their own sports club, Lotus Flowers, in Bratislava.


26. nov
Skryť Close ad