Business Insolvencies Expected to Increase

BusinessEconomy ♦ Published: April 26, 2012; 11:39 ♦ (Vindobona)

After two years of decreasing business insolvencies, the Austrian economy faces a rising number of business insolvencies again.

Business Insolvencies Expected to Increase / Picture: ©

According to the credit insurance company Atradius, a rise in business insolvency of 5.0% is expected in Austria. As a result, the Austrian trend is fully in line with the European trend. In Germany and France, the rise in business insolvencies reaches 5.0%, forecasts say.

For Austria, this would be a trend reversal. In 2011, business insolvencies went down by 8.0% and by 7.6% in…