Spectator on facebook

Spectator on facebook

Record number of bankruptcies announced in Q1 2012

The highest number of bankruptcies in a single quarter for the past six years was registered in the first three months of 2012, the firm Slovak Credit Bureau (SCB) announced on Tuesday, May 29. SCB operates the Banking and Non-Banking Register in Slovakia.

The highest number of bankruptcies in a single quarter for the past six years was registered in the first three months of 2012, the firm Slovak Credit Bureau (SCB) announced on Tuesday, May 29. SCB operates the Banking and Non-Banking Register in Slovakia.

"The analysis included business entities and individuals, i.e. self-employed," the SCB stated, as quoted by the TASR newswire. A total of 123 bankruptcies was announced in Slovakia in the first quarter, 10.81 percent more than during the same period a year earlier. Most of them were announced in wholesale, retail, automobile and motorcycle maintenance, the construction sector and industrial production. In terms of the highest-risk businesses in the bankruptcy statistics, water supplies, sewage treatment and garbage disposal services were highlighted in SCB’s analysis.

Source: TASR

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

Top stories

Slovakia threatened with returning funds for dual education

The system is still not running as it should, and if the country fails to meet goals, it may be asked to pay back the money allocated from EU coffers.

Blog: The wanderer returns home

The places you visit, people you befriend, experiences that leave their mark, they all become a part of you.

Trams will test renewed tram track in downtown Bratislava on Friday

Originally, the tram track should have been put back in operation on November 15

Top 3 news from Last Week in Slovakia Video

EMA will not relocate to Slovakia - Job ads will have to state actual payrates - Trnava factory to produce electric cars

PSA plant in Tranva.