Business Involvencies on the Rise Again

BusinessEconomy ♦ Published: June 16, 2012; 13:43 ♦ (Vindobona)

There is a trend reversal in the Austrian economy. In the first half of 2012, business insolvencies will be up by 1.2%, Creditreform forecasts.

Business Involvencies on the Rise Again / Picture: ©

In the first six months of 2012, the number of business insolvencies is expected to increase by 1.2%. In 2012, 3,188 proceedings were opened. About the half of the insolvency proceedings are reorganisation proceedings.

The highest increase was observed in the business service sector, the retail sector and the construction sector. In total, the annual insolvency quota is 0.8%,…