The number of bankruptcies in Western Europe 2024 was largest since 2013. – According to the Report of the Audit Agency Creditreform, the request for bankruptcy proceedings was initiated by 190,449 companies.
It is expected to continue that figure to grow, reports DPA. “Three years of economic stagnation and recessions did not affect Germany only, but the whole of Europe,” said the director of research in Creditreform Patrik-Ludvig Hanč.
From a minimum of 2021. years and 112,686 fired companies, the number of bankruptcy in Western Europe was up to 2024. rose to a minor 70 percent.
The trend is not a consequence of only pandemic, but also contributed to the jumping of energy prices, demand and geopolitical uncertainty.
In 15 of the 17 Western European countries covered by analyzes, the number of bankruptcies increased from the previous year.
More than a third of bankruptcies in the region were recorded in France – 66.088, which is 17.4 percent more than the previous year, banker reports.
The highest growth rate of the number of bankruptcies of 42.5 percent reported Greece, which is in front of Ireland with 32 percent and the Netherlands with 31.7 percent. In these countries, however, the absolute number of bankruptcies was incomparably smaller.
