Not even prominent owners helped save companies from bankruptcy. 2022 may be even worse

The number of restructurings increased as well.

The network of hairdressing salons under the Pierot brand went bankrupt in 2021.The network of hairdressing salons under the Pierot brand went bankrupt in 2021. (Source: Pierot SK)

Slovakia saw the highest number of companies going bankrupt last year since 2016 – altogether 270, as stems from data of the CRIF – Slovak Credit Bureau company.

The increase in bankruptcies resulted from the coronavirus pandemic, as well as the postponement of problems that occurred already in 2020. Some of the companies had prominent founders and owners.

Neither is the outlook for 2022 optimistic. Observers predict that the development will be impacted by the rising energy prices and problems in the supply chain. It is thus possible that this year will even exceed the previous one.

SkryťRemove ad
Article continues after video advertisement
SkryťRemove ad
Article continues after video advertisement

Oligarchs behind the bankrupt companies

The rest of this article is premium content at
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on and

Top stories

Marián Turner became the General Director of the Slovak Philharmonic in January 2022.

Slovak Philharmonic is a first-class institution people outside Bratislava rarely see perform

Marián Turner, a former flautist, has become the new Slovak Philharmonic head. His priority is to fully reopen the institution to live audiences.

19. jan
Bronze sculptures of three late Slovak comedians - Milan Lasica (right), Július Satinský (left) and Jaro Filip (middle) on Lužná Street in Petržalka, Bratislava.

Weekend: Cross-country skiers hit the beach

A hike to Veľký Choč, dinosaur footprints, and a US hip hop legend. Read the latest culture and travel news from Slovakia.

21. jan
Zara Rutherford made a stop in Slovakia on January 15.

In a Slovak plane, teen pilot lands in the world record books

British-Belgian Zara Rutherford has broken two world records, but her global hunt for a tasty pizza was a failure.

21. jan
Ukrainian forces during military exercise.

There goes the neighbourhood

The parallels between Russia’s approach to Ukraine and Hitler’s to Czechoslovakia in 1938 are uncanny.

17 h
Skryť Close ad