CRIF: number of company bankruptcies down on previous year

A total of 416 companies filed for bankruptcy in Czechia during the first seven months of 2022, around 20 fewer than in the previous year, according to a report by the CRIF - Czech Credit Bureau. Some 3,201 entrepreneurs filed for bankruptcy during the same period, a drop by 585 on the previous year.

Most bankruptcies, 102 per 10,000 entrepreneurs, were declared in the region of Ústí nad Labem, while the fewest were in the regions of Prague and Zlín.

According to CRIF analyst Věra Kameníčková, the low number of company bankruptcies points to the fact that firms are still able to cope with the current difficult business conditions. However, she said it was difficult to estimate development in the second half of the year.