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.
Economic development in Europe lost significant momentum in 2023. According to estimates by the EU Commission, the economic area recorded only minimal growth and a weak economic situation overall.
In 2022, the long-feared trend reversal in corporate insolvencies took place in Europe. After the Corona crisis years, in which companies were massively subsidized all over Europe, the reality of the market economy is gradually returning: many companies are not able to cope with the permanent crises in the long run.
During the last year, 14,578 companies filed for insolvency in Germany. This represents an increase of 4.2 percent in corporate insolvencies in comparison to the same period of the previous year (2021: 13,991 corporate insolvencies).
In this article, we intend to evaluate the dynamics of the Portuguese business sector, to analyze the geographic pattern of the companies, the phenomena and the moves that they undergo over a five-year period.
The expiry of coronavirus state aid may mean bankruptcy for many
companies from the middle of the year. The strict liability of
entrepreneurs is an often-underestimated danger with personal
consequences.