Number of companies going bankrupt in Finland skyrocketed

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Between January and June 2023, 1325 companies went bankrupt in Finland, 21.3% more than in the same period last year. In this respect writer Aamulehti.

In the first half of the year, 1325 Finnish companies went bankrupt in Finland, a record number for the last 10 years. At the same time, 687 organizations went bankrupt in the first quarter and fell to 638 in the second quarter.

According to the Finnish Statistical Institute, 1,393 bankruptcy cases were recorded in Finland between January and May. However, some were rejected. It is known that the most bankrupt firms are in the field of construction and trade.

The publication added that at the end of last year, the European Union had recorded a record level of bankruptcy rate for the last eight years. At the same time, the tendency of organizations to close will continue this year as well. Thus, in the first quarter of 2023, the number of companies that went bankrupt in Europe increased by 2.8% compared to the fourth quarter of 2022.

In mid-June, Bloomberg reported that a number of regional credit institutions may face similar financial difficulties in the United States after some major investment banks have gone bankrupt. This will result from significant commercial real estate debt totaling US$1.5 trillion.

former investor estimated The collapse of banks in the USA, Europe and Japan.

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