Business bankruptcies decrease, rise in the EU - Financial Mirror,Bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022 (+26.8% from the previous quarter), but Cyprus showed a decrease (-13.4%), according to Eurostat. During Q4 2022, bankruptcies in the EU reached their highest levels since the start of data collection in 2015, as energy prices and inflation peaked. In Cyprus during the same period, estimates show the third lowest level of bankruptcies ever recorded, following Q4 2021 and Q1 2022. The number of bankruptcy declarations in the EU increased during all four quarters of 2022. In Cyprus, there had been an increase during Q2 2022 before bankruptcy declarations
Business bankruptcies decrease, rise in the EU – Financial Mirror
Bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022 (+26.8% from the previous quarter), but Cyprus showed a decrease (-13.4%), according to Eurostat. During Q4 2022, bankruptcies in the EU reached their highest levels since the start of data collection in 2015, as energy prices and inflation peaked. In Cyprus during the same period, estimates show the third lowest level of bankruptcies ever recorded, following Q4 2021 and Q1 2022. The number of bankruptcy declarations in the EU increased during all four quarters of 2022. In Cyprus, there had been an increase during Q2 2022 before bankruptcy declarations
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