Economic Slowdown and Rising Insolvencies: CEE Company Outlook
by The Romania Journal
The Romania Journal— In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies throughout 2023. While businesses initially weathered the storm with government support measures during the pandemic, the subsequent withdrawal of these initiatives combined with macroeconomic pressures drove insolvency rates to new heights. The economic downturn resulted […]
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www.edinburghnews.scotsman.com—Financial distress in Scotland rises as economic downturn continues to bite. The new research shows that in the period from January to April 2024, there was a 22.6% increase in more advanced or ‘critical’ distress among Scottish businesses compared with the same period the previous year. This type of severe distress affected over 2,060 businesses in Scotland. The level was even greater than the UK-wide figure which saw a 20.1% rise in critical distress since Q1 2023, representing over 40,170 businesses. In the first quarter of 2024, while Scotland saw an 8% fall in...