STA, 10 November 2020 – During the coronavirus epidemic, there were fewer cases of bankruptcies among companies compared to last year, show data by the AJPES agency for legal records. In the first nine months of 2020, a total of 845 companies went bankrupt, down 16% on the same period in 2019 and a 21% drop on the same period in 2018.
In the first quarter of 2020, 344 companies declared bankruptcy, somewhat more than in the January-March period in 2019.
However, in the second quarter this year, when the first Covid-19 wave peaked, the number of bankruptcies (222) declined by as much as 29% compared to the same period in 2019. Moreover, the number of companies going bust in the third quarter of 2020, 279, dropped by 22% year-on-year.
The…
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