Czech courts declared 336 companies bankrupt in the first five months of 2024, a 7% increase year-over-year. This marks the highest number of corporate bankruptcies since 2017. Simultaneously, the courts received 561 insolvency proposals between January and May, representing a significant 23% increase compared to the same period last year. The rising figures suggest growing financial pressures on Czech businesses. Experts attribute the increase to a combination of factors including high interest rates, inflation, and weakened demand. The data indicates a challenging economic climate for companies operating within the Czech Republic. Further monitoring is needed to assess whether this trend will continue throughout the remainder of the year.