Bankruptcies of businesses and institutions (excluding one-man businesses), corrected for court session days
Erratic trendAdjusted for court session days, the number of bankruptcies peaked in May 2013 and subsequently dipped in August 2015 to the lowest level since October 2008. In the next six months, the number of bankruptcies rose almost continuously. In March, the number of bankruptcies began to fall again, to just below the level of October 2015. Since August 2015, the trend has shown an irregular pattern. The number of bankruptcies over the first three months is 20 percent lower than in the same period last year.
Most bankruptcies recorded in trade sector
If the number of court session days is not taken into account, 436 businesses and institutions (excluding one-man businesses) were declared bankrupt in March 2016. With a total of 94, the trade sector accounted for the highest number of bankruptcies. In the sector financial institutions 72 bankruptcies were filed, but these sectors have the highest numbers of businesses. In relative terms, the sector hotels and restaurants accounted for the highest number of bankruptcies.