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Austrian Insolvencies Decreasing
In the first quarter of 2012, the number of Austrian insolvent enterprises is declining. Against the first quarter of 2011, the figure was down by 1.2%.
Austrian Insolvencies Decreasing / Picture: © Vindobona.org
The Austrian economy faces a slight decline in business insolvencies. In the first three months of 2012, 1,597 companies became insolvent. Nevertheless, introduced insolvency proceedings were up by 11%. Dismissed insolvency applications decreased by 17%. The number of concerned workers remained stable (5,600). Debts owed by the insolvent enterprises were down by 20%.
Debts total…
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