Adjusted for court session days, the number of bankruptcies peaked in May 2013 and then started to decline during a period which lasted until September 2015. Subsequently, a period of ups and downs followed. In August 2016, the number of bankruptcies reached the lowest level since August 2008. Over the first ten months of 2016, the number of bankruptcies was down by nearly one-fifth compared to the same period last year.
Most bankruptcies recorded in trade sector
If the number of court session days is not taken into account, 280 businesses and institutions (excluding one-man businesses) were declared bankrupt in October 2016. With a total of 62 bankruptcies, the trade sector was hit hardest. In the sectors financial services 40 bankruptcies were filed.
These sectors include the highest number of businesses. The number of bankruptcies was relatively high in the sector hotels and restaurants.
The numbers in this publication are provisional and can be adjusted