articles | 08 December 2014

Number of companies that filed for bankruptcy reduced

Companies that filed for bankruptcy in Cyprus reached 139 by the end of November 2014, a number significantly lower than the 189 companies that filed for bankruptcy in 2013.

Figures of the Department of Registrar and Official Receiver, show natural persons that filed for bankruptcy reached 120 by the end of November, compared with 364 for 2013.

In November 13 companies and 6 natural persons filed for bankruptcy.

Source: CNA

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