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Insolvencies in CESEE on the Rise
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In 2011, the number of business insolvencies rose by 25% in the CESEE region. Hungary ranks first.
Insolvencies in CESEE on the Rise / Picture: © Vindobona.org
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…
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