The number of companies and self-employed declared bankrupt in Slovakia last year grew by 7.7 percent from the previous year to 1,680, mainly owing to growth in the number of bankrupt self-employed. This stems from an analysis published by consulting company Dun & Bradstreet. The highest number of bankruptcies was reported in Bratislava, where 213 entities went bankrupt, including 88 firms and 125 self-employed. Meanwhile, the number of bankruptcies declared in 2022 was lower than in many of the previous years.
In November of 2022, almost a third (31 percent) of respondents aged 18-60 declared a decrease in personal monthly income compared to the beginning of last year, mBank reported based on a survey conducted by Focus agency. "These are often people who achieved lower education and work in less qualified professions, which is also related to their lower personal income," stated sociologist and agency director Martin Slosiarik. Exactly 7 percent of respondents lost all or almost all of their income, 9 percent lost most of it, and 15 percent lost a smaller part of their personal monthly income. On the contrary, the income of approximately half (52 percent) of Slovaks did not change. Less than a fifth (17 percent) achieved even a higher income during the past year. Personal monthly income fell during the past year, especially for people from low-income households.
Source: TASR
