EU reports wave of bankruptcies ...News

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EU reports wave of bankruptcies
source : Russia Today ( News ) () 24
All sectors of the bloc’s economy recorded a spike in defaults last year, official statistics reveal The number of insolvencies among EU businesses surged to the highest level during the final three months of 2022 since records began in 2015, as the bloc teeters on the edge of a recession, statistics agency Eurostat reported on Friday. Defaults jumped by 26.8% compared to the previous quarter, while levels of business registration decreased by 0.2% in the same period last year. Eurostat said the trend persisted throughout the year, adding that “the number of bankruptcy declarations increased during all four quarte

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