In 2004, companies registered bankruptcy in Austria in the first quarter. Insolvency Bolwerk is Vienna (802), followed by Nieder- (335) and Upper Austria (236). The new American customs package is expected to further aggravate the economic decline, experts say.
The information service provider CRIF predicts that the bankruptcies will continue to increase. The current prediction is around 8000 business bankruptcies per year, which corresponds to around 22 per day. “The companies in Austria are still faced with considerable challenges. The economy is still in crisis mode and for 2025 a further decrease in economic output is expected,” said CROF director Anca Eisner-Schwarz.
To do this, contribute to high energy and wage costs, geopolitical and political uncertainties and the ongoing recession. Moreover, the decrease in industrial production in the Euro area has a negative influence on Austrian companies.
These industries are particularly affected
The bankruptcies reported in the first quarter of 2025 corresponds to an increase of eight percent compared to the same period last year. In the density, Vienna stood at the top with 57 bankruptcy each, the average was 10,000 companies at 34 bankruptcies. Few were in Vorarlberg. The most important trade, construction and gastronomy were mainly influenced.
“The increasing insolventions of the company illustrate how important it is for Austrian companies to identify risks at an early stage and increasingly invest in prevention measures and a solid strategy (…),” says Eisner-Scharz.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
