Some 969 Czech companies were declared bankrupt in the first
three quarters of 2009, 54 percent more than in the corresponding
period of 2008, say statistics from the Czech Credit Bureau.
In Q3, a total of 343 companies were declared bankrupt,
demonstrating a year-on-year increase of nearly 77 percent on the
year. Month-on-month, the number of bankruptcies rose 6
percent.
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The bureau, which helps leasing and other financial services
companies to assess the ability of their clients to repay lending,
predicted around 1,300 bankruptcies by the end of the year.
Fred Crawley
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