A total of 3,692 companies went bankrupt in the Czech Republic in 2012, up by 46 percent y-o-y. Individual entrepreneurs made up 64 percent of corporate bankruptcies in 2012, up from 50 percent in 2011. For trading companies, the fastest increase in bankruptcies was recorded in the construction sector, which increased by 17 percent, according to the Czech Credit Bureau analysis. Meanwhile, 420 companies in the retail and catering sector went bust, followed by 413 bankruptcies in services. Geographically, the highest number of corporate bankruptcies was in the country’s Moravskoslezký region and Prague, while the Karlovarský region and Vysočina were the least affected.
