Record number of construction companies going under

25-11-2012

A record number of Czech construction firms have gone bankrupt this year, according to the Czech Credit Bureau. The CCB says it expects a 17 percent increase in the number of bankruptcies year on year. 130 construction companies went bankrupt in the first six months of this year, which makes up 70 percent of all bankruptcies in 2011, the CCB said in its report. Newly-established construction firms are reported to be the most vulnerable.