More than 380 companies and institutions bankrupt

07/12/2005 13:00

More than 380 companies and institutions (excluding one-man businesses) were pronounced bankrupt in October 2005. This is almost the same as in October 2004.

In September, the number of bankruptcies was almost 450. This was the same as in September 2004.

The number of bankruptcies pronounced in a certain month is closely connected to the number of days the courts are in session in that month and may fluctuate strongly from month to month. Therefore the moving three-month average gives a more accurate representation of the development. This average was 410 in October, 4 percent less than in October 2004.

For the whole of 2004, about the same number of companies and institutions (excluding one-man businesses) was pronounced bankrupt as in 2003. In the period January – October 2005 the number was 3 percent less than in the same period last year.

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

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