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Rising Bankruptcy Fears in Eastern Europe

Published: February 9, 2011; 00:32 · (Vindobona)

The Austrian Creditor Protection Association “Creditreform” foresees a further rise in bankruptcies in Eastern Europe. The economic crisis is not over yet.

Rising Bankruptcy Fears in Eastern Europe / Picture: © Flickr

Despite the economic recovery, there has been only little improvement regarding in business insolvencies in Europe. 1.4% fewer insolvencies were reported Western Europe; the figure rose however by 14.1% in the CEE region.

Contrary to the West European trend, there were massive increases mainly in Italy, Portugal and Switzerland. In Central and Eastern Europe, business failures…

This article includes a total of 170 words.

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