Number of companies filed for bankruptcy marks a downward trend in 2016

The number of companies filed for bankruptcy in the first 9 months of 2016 reached 82, marking a downward trend, according to the Department of Registrar of Companies and Official Receiver.

The total number of companies that would filed for bankruptcy by the end of the year is not expected to reach 136, which was the number of those companies in 2015. In 2014 the same number was 163 and in 2013 was 189.

Source: Cyprus News Agency.