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Corporate bankruptcies rise sharply in Austria in Q1 2025

ANI April 21, 2025 441 views

Austrian companies faced a sharp 8% rise in bankruptcies during Q1 2025. Over 2,000 firms collapsed, leaving €19 billion in unpaid debts. The crisis threatens 25,000 jobs as insolvencies surge 22% compared to 2024. Experts warn of worsening economic conditions amid the ongoing corporate downturn.

"The latest statistics confirm a continued wave of corporate insolvencies" - Creditor Protection Association"
Vienna, April 21: A total of 2,004 companies in Austria filed for bankruptcy in the first quarter of 2025, marking an 8 per cent increase compared to the same period in 2024.

Key Points

1

2,004 Austrian firms bankrupt in Q1 2025

2

€19B liabilities impact economy

3

25,000 jobs at risk

4

Insolvencies surge 22% year-on-year

According to updated figures, the financial liabilities of bankrupt companies during the first three months of the year reached approximately EUR 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 per cent year-on-year increase, recording 6,700 cases in Q1 2025.

These bankruptcies have resulted in a total of EUR 19 billion in outstanding liabilities. (ANI/WAM)

Reader Comments

M
Markus S.
This is really concerning. I work in retail and we've seen several suppliers go under recently. The ripple effects are worse than people realize. 😟
S
Sophie K.
The article mentions 25,000 jobs affected but doesn't break it down by sector. Would be helpful to know which industries are being hit hardest.
T
Thomas W.
Not surprising given the economic policies we've seen lately. Small businesses are getting crushed while big corporations get all the breaks.
A
Anna L.
My cousin's company just filed last week after 15 years in business. It's heartbreaking to see so many long-standing businesses failing.
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David P.
Respectfully, I think the article could have included more context about global economic trends. Austria isn't alone in this - it's happening across Europe.
L
Lisa H.
The 19 billion figure is staggering! Where does all that money go? Are creditors just writing it off? 🤔

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Tags:
Austria bankruptcies corporate insolvencies economic crisis job losses Q1 2025
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