Over 16,000 companies ceased to exist in the Czech Republic in 2020, 353 more than the year before. 27,228 companies were established, which is the lowest number in six years. In total, there were 11,117 more companies in the Czech Republic, which is the least since 2003, according to analysis from CRIF data. The number of defunct companies began to increase significantly during 2015 and the trend continued in the past few years. Last year, the number of newly established companies also fell again. There were 2842 fewer of them than in 2019. The number of new companies decreased by a tenth year-on-year.