Corporate bankruptcies rise sharply in Austria in Q1 2025

Austria saw a sharp 8 per cent rise in corporate bankruptcies in Q1 2025, with 2,004 companies filing for insolvency and EUR 19 billion in financial liabilities, affecting around 25,000 jobs and raising concerns about the country's economic trajectory.

ANI

Updated At : 03:02 PM Apr 21, 2025 IST

Vienna [Austria], April 21 (ANI/WAM): A total of 2,004 companies in Austria filed for bankruptcy in the first quarter of 2025, marking an 8 per cent increase compared to the same period in 2024.

According to updated figures, the financial liabilities of bankrupt companies during the first three months of the year reached approximately EUR 19 billion. Around 25,000 jobs have been affected, highlighting growing concerns over Austria's economic outlook.

The latest statistics confirm a continued wave of corporate insolvencies, with data from the creditor protection association showing a 22 per cent year-on-year increase, recording 6,700 cases in Q1 2025. These bankruptcies have resulted in a total of EUR 19 billion in outstanding liabilities. (ANI/WAM)

(The story has come from a syndicated feed and has not been edited by the Tribune Staff.)

Tags :

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Suggested Articles