More businesses facing bankruptcy

D&B's general manager Reuven Kuvent pointed to the current change in banking legislation as a factor that could see even more firms in danger of collapse over the coming months.

By SETH FREEDMAN
June 29, 2006 07:20

 
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The number of businesses facing bankruptcy rose to 22.1 percent in June, a slight increase on May's figure of 22%, business information services provider Dun and Bradstreet Israel (D&B) said Wednesday. In the last 12 months, the figure has risen steadily - up from 18.2% last June. D&B's general manager Reuven Kuvent pointed to the current change in banking legislation as a factor that could see even more firms in danger of collapse over the coming months. The food industry is the most vulnerable sector for businesses, with 62.2% at risk of going bust - which is no change on May's restaurant figure.

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