Private bankruptcies have increased by 4% in Portugal this year, however business insolvencies are down 10% – and this is the first fall registered since 2008.
According to Público newspaper, credit must go to the government ‘special revitalisation’ programme PER, to which 1,527 businesses and individuals have adhered – a more than threefold increase on figures for last year.
Meantime, private bankruptcies are on the up by 4.1% – in 2012, these cases had practically doubled.
A special government drive is in place to recruit 60 new “insolvency administrators” to join the 300 already appointed.
