This May some 88 companies went belly up, the highest number of bankruptcies in two and a half years, according to the Czech Credit Bureau (CRIF). The figure is up by 35 compared to April.
Last month 551 people in business for themselves also declared bankruptcy, the highest number since May 2018.
Despite the relatively high number of bankruptcies in May, their number continues to decline in the long term, CRIF analyst Věra Kameníčková said, commenting on the figures.
Forgotten Czech net bag makes a comeback
Iconic Czech brands that survived competition from the West after the fall of communism
Czechs and Germans in 1930s Czechoslovakia: a complex picture
Cold War “king of Šumava” story brought to life in new film by Irish director
Unions: Strike Wednesday will hit most Czech schools