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Insolvencies in CESEE on the Rise

Published: July 25, 2012; 16:18 · (Vindobona)

In 2011, the number of business insolvencies rose by 25% in the CESEE region. Hungary ranks first.

Insolvencies in CESEE on the Rise / Picture: © Flickr

On average, the number of business insolvencies was up by 24.6% in Central, Eastern and Southeastern Europe. With an increase of 77.5%, Hungary ranks first. Bulgaria registers an increase of 69.4%, Slovenia´s growth rate was 43.3%. The only CESEE country with a moderate rise was the Czech Republic (+5.1%). In the Baltic states Latvia (-40.4%), Lithuania (-19.1%), the number of…

This article includes a total of 208 words.

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