Business insolvency increase reported in Austria

At the end of June, the figure rose to 2,098, which was a record for the last 15 years, reported the AKV, whose analysis considered the industrial decline and the growth of unemployment, although the national economy showed a slight reduction in terms of Gross Domestic Product.

According to the statement, the circumstances described “not only keep Austria’s economy stagnant, but caused a record number of business bankruptcies in the last 15 years and growth by 35.35 percent compared to the previous year”.

During the first six…