The number of bankruptcies increased slightly last year compared to a year earlier, it writes Central Bureau of Statistics (CBS) Monday. In 2019, 3,208 companies went bankrupt, 63 more than in 2018. It is the first time since 2013 that the number of bankruptcies has increased again.
Despite the small increase, the number of bankruptcies is still at a relatively low level, the statistics office writes. The number of bankruptcies last year was at the second lowest level in the twentieth century.
The number of bankruptcies reached a peak of 8,376 in 2013. After that, the number of bankruptcies decreased five years in succession, in total by more than 62 percent.
As in previous years, most bankruptcies of companies and institutions are pronounced in the trade. That is not surprising; After all, trade is the sector with the largest number of companies. In absolute terms, the increase in the number of bankruptcies in specialist business services was the highest.
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