Article Tools

No Further Rise in Insolvencies Expected

Published: February 2, 2012; 16:47 · (Vindobona)

The bad debt insurers Euler Hermes and Prisma expect business insolvencies to stagnate in 2012.

No Further Rise in Insolvencies Expected / Picture: © Flickr

In spite of the economic downturn, Austria faces no further rise in business insolvencies, say Euler Hermes and Prisma. In 2011, the number of business insolvencies went down by 8.0% to 5,680. As a result, the development in Austria is much better than in Europe, where a rise in insolvencies of 12.0% is forecasted. The strongest rise is predicted for Portugal (+11.0%), Italy (+15%),…

This article includes a total of 117 words.

or Log In