Nearly 6,700 companies went bankrupt in Portugal last year, representing an increase of over 40% yoy.
The most affected sector was the construction, according to data from the insurer Cosec. The sectors of retail (16%), with 1093 cases, services (15%), with 1015 cases and textile sector (8%), with 519 cases also were highlighted in the study.
According to the same source, there were 6688 bankruptcies in the country, which gives an average of 20 companies to close their doors each day that passed last year. Of these, 76% were micro enterprises, and construction accounted for 28% of insolvencies.
The district was the worst hit Port, with almost a quarter of bankruptcies.
The administrator of Cosec, Berta Dias da Cunha, considered that 'the year 2012 confirmed the estimates [of COSEC] lower growth in international trade, together with fiscal and monetary policies more restrictive, especially in Europe, justified the disappearance of a considerable number of companies. "
Still, the insurer provides the number of insolvencies expected to increase 4% this year worldwide, compared with 2012. "Portugal is one of four European countries, together with the United Kingdom, Norway and Switzerland, which will provide a reduction in the number of insolvencies in 2013."
This will happen after seven consecutive years of 'strong growth' this indicator, underlines the responsibility of the company.
Globally, insolvencies rose by 1% in 2012, compared to the previous year.