Press release

Monitor of Bankruptcies 2Q 2015

Milan, 15th September 2015 – The number of defaults, insolvency proceedings and voluntary business closures keeps declining in the second quarter of the year, thus confirming the positive trend that was previously recorded at the beginning of 2015. According to Cerved - the largest information provider in Italy – between April and June, about 3,800 Italian businesses started bankruptcy proceedings (i.e. 11.3% fewer than in the second quarter of 2014). This is the biggest decrease recorded in a single quarter since the economic crisis began.