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: ©

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