EU nation swept by wave of bankruptcies – Bloomberg ...News

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EU nation swept by wave of bankruptcies – Bloomberg
The number of insolvent firms in Sweden increased sharply in January, the outlet reports The number of bankruptcies in Sweden surged to the highest level in at least a decade in January amid growing pressure on construction companies from an ongoing housing-market crunch, Bloomberg reported on Wednesday. According to the media outlet, citing credit reference agency UC, the number of bankruptcy filings rose to 622, marking a 47% increase from a year earlier. Sweden has been struggling with its worst housing-price slump in three decades. The situation has contributed to a surge in defaults in the construction sector

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