Bankruptcy report for July grim

In other economic news, the Czech Credit Bureau has released bankruptcy reports for July that show the worst month for businesses since January of 2008 when the current insolvency act was passed. 129 entrepreneurial entities declared bankruptcy over the last month, while recent growth in personal bankruptcies decreased slightly. One fifth of the bankrupt firms were in Prague. Compared to the same month in 2008, entrepreneurial bankruptcies have doubled while personal bankruptcies have increased threefold.