VIENNA, 21st April, 2025 (WAM) -- A total of 2,004 companies in Austria filed for bankruptcy in the first quarter of 2025, marking an 8 percent 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 €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 percent year-on-year increase, recording 6,700 cases in Q1 2025. These bankruptcies have resulted in a total of €19 billion in outstanding liabilities.