During the month of April, 2,311 commercial companies were created, down by 73.4% compared to the same month in 2019. The share capital subscribed for their constitution exceeded €154 million, representing a decrease of 37.4% YoY. The average share capital subscribed was €66,829, representing an increase of 135.1%, as reported by the National Institute of Statistics (INE) on Monday. Naturally, all of the data was skewed by the coronavirus crisis and the decree of the State of Emergency.
Meanwhile, 938 commercial companies increased their share capital during April, down by 61.6% compared to the same month in 2019. The share capital subscribed through the increases dropped by 71.6% to exceed €474 million. And the average share capital subscribed in these operations was €505,736, down by 26.2% in YoY terms.