More than 480 companies and institutions bankrupt

10/01/2006 13:00

More than 480 companies and institutions (excluding one-man businesses) were pronounced bankrupt in November 2005. This is 5 percent up on November 2004. In October, the number of bankruptcies was more than 380. This is just a little less than in October 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 437 in November, a little more than in November 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 – November 2005 the number was 2,5 percent less than in the same period of 2004.

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

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