Bankruptcies increase in Lithuania in January

DELFI / Mindaugas Ažušilis

In January, a total of 748 Lithuanian companies saw their assets frozen, or by 153 cases less than in December. Meanwhile, a total of 199 companies went bankrupt, which is by 63 cases more than a month ago and by 57 cases more than in January 2014.

The majority of bankrupt companies (32 cases) were engaged in the wholesale trade, transport and storage (17 cases) and construction (9 cases) sectors, said the credit risk assessment company Creditreform Lietuva.

The value of frozen assets in the transport and storage sector went down by EUR 5.3 million, whereas the value of frozen assets in the construction sector increased by nearly EUR 3.5 million.

In January, the total value of distraints stood at EUR 30.6 million or by EUR 2.3 million less than a month ago.

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