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Insolvencies: Stable Development Expected
In 2012, the number of Austrian business insolvencies is expected to remain stable. Whereas in Germany and the U.S. insolvencies are decreasing, Southern Europe faces a vast increase.
Insolvencies: Stable Development Expected / Picture: © Vindobona.org
In 2011, Austrian business insolvency figures decreased stronger than expected. The number of total insolvencies was down by 4%, which is above the forecast (-3.0%). The number of insolvent enterprises fell by 8.0%. This year, Austria´s insolvency number is expected to remain stable. After an economic growth rate of 3.0% last year, Austria is predicted to achieve only a 0.8% rate this…
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