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Company bankruptcies at highest level for 15 years

Source: PULS 24 (Glomex)

1,091 company insolvencies were registered in the first quarter. This is the highest figure for 15 years, the General Creditors' Association (AKV Europa) announced in a press release on Tuesday. And the creditor protectors assume that there will be more than 4,000 insolvencies this year and more than 7,000 insolvency proceedings including insolvency rejections due to lack of assets. PULS 24 reporter Lukas Kimeswenger reports live.

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