Eurostat has announced company bankruptcy data for the second quarter of 2023. According to these statistics, company bankruptcies in European Union countries increased by 8.4 percent, which is considered a very high rate in the union, compared to the previous quarter, reaching the highest level recorded since 2015.
In the second quarter, the bankruptcy rates of companies operating in different sectors increased. Accommodation and food services industry 23.9 percent, transportationand storage industry 15.2 percent, education, health and 10.1 percent in the social activities sector.increase was observed.
Compared to the previous quarter, the countries with the highest increase in bankruptcy were Hungary (40.8 percent), Latvia (24.8 percent) and Estonia (24.6 percent).
