During 2024, there has been a rise in the number of insolvency proceedings, of 22%, with bankruptcies being the most abundant, representing 79%, and special proceedings growing the most, 192%, to reach the highest figure of the last decade, 9,015 proceedings in total.
Corporate insolvencies in Germany are rising for the third year in a row. At the end of 2024, a new record high of 22,400 bankrupt companies was recorded.
Late payments are a significant hurdle for the competitiveness of EU companies. Delayed
payments affect firms’ liquidity, thereby hampering their ability to properly operate and to invest in growth.
As we approach the end of the year, we wanted to come back to one of the very important latest pieces of EU legislation promoting data sharing – namely the EU Data Act.
The Data Act is part of the EU’s broader Data Strategy and builds on previous legislative efforts like the GDPR and the Data Governance Act.
2024 has been a year of heightened political instability. War is raging in the Middle East and Ukraine, national elections are bringing new leaders to the fore, and militants are continuing to disrupt vital maritime routes. Going into the new year, insurers are braced for a wave of economic and conflict-based risks. Isaac Hanson reports.
ESG ratings provide an opinion on the sustainability profile of a company or financial instrument, assessing its impact on society and the environment and its exposure to risks associated with sustainability issues.
Policymakers, industry leaders, and experts convened at the European Parliament for the event “Enhancing EU Competitiveness Through High-Quality Business Data”, hosted by MEP Costas Mavrides in cooperation with the Federation of Business Information Services (FEBIS). The event brought to light the vital role of business data and advanced technologies in fostering innovation, combating financial crime, and strengthening Europe’s economic standing.
Across the whole of Switzerland, the number of bankruptcies rose by 10.8% from January to September 2024. In September alone, the increase amounted to 28.5% compared with September 2023.
Advances in technology are taking place at a remarkable pace and are changing almost every aspect of life and nearly every economic sector, including transport, energy, communications, healthcare, manufacturing, entertainment, business and education.