Press release

Milan, December 20th 2016 – Business closures figures for the third quarter of 2016 paint a picture with both bright and dark colors: from one side, the number of insolvency proceedings fell more swiftly, but on the other side, voluntary liquidations of solvent businesses increased, a sign that profitability expectations among business owners are weakening. That is, briefly, the picture that emerges from statistics gathered by Cerved - the largest information provider in Italy – for its Monitor of Bankruptcies, Insolvency Proceedings and Business Closures for the 3Q2016 released today.