The number of new companies formed in Portugal in February was up 23.9% on the same month a year earlier, at 4,668, while the number or insolvencies was down 1% at 494, according to a study by business information service Iberinform.

According to the research from the subsidiary of Crédito y Caución, a company specialising in credit insurance for the domestic and export markets, there were five fewer insolvencies in February than a year earlier, and 899 more new companies.

In the first two months of 2019 taken together, the number of new companies created was up 25.1% at 11,330.

The cumulative total for insolvencies was up 3.5% on the same period a year earlier, at 1,007, although this total was lower than the same period in both 2016 and 2017.

Original Story:The Portugal News Online | Lusa 
Photo: FreeImages_Matthew Bowden
Edition:Prime Yield