The Swiss Times - Swiss News in English

Swiss Company Bankruptcy Up Significantly in February

  • By The Swiss Times
  • 29 February 2024

Switzerland witnesses a 12.2% spike in company bankruptcies this February, with Creditreform predicting more turbulence ahead.

Swiss Company Bankruptcy Up Significantly in February
Keystone/SDA – CHRISTIAN BEUTLER

In Switzerland, significantly more companies filed for bankruptcy in February. The creditors’ association Creditreform expects a further increase.

A total of 715 companies went bankrupt in February. This is an increase of 12.2 percent compared to the same period last year, as Creditreform announced on Thursday. Since the beginning of the year, insolvencies have increased by 6.4 percent.

At the same time, more new companies were founded in February. The number of new companies in the commercial register amounted to 4589, an increase of 3.6% compared to the same month last year.

©Keystone/SDA

Most Read

Sunday, April 7 – Round Up

7 April 2024
Sunday, April 7 – Round Up
Switzerland may fund French nuclear projects as it grapples with internal issues in the news this Sunday morning.

Swiss Employers Association: Increase Retirement Ages

8 April 2024
Swiss Employers Association: Increase Retirement Ages
Following the rejection of a pension initiative, the Swiss Employers' Association (SAV) recommends a gradual raise in retirement age to 66.

Diehl Defence Will Develop Drones For Swiss Defence Firm Skysec

12 April 2024
Diehl Defence Will Develop Drones For Swiss Defence Firm Skysec
Diehl Defence collaborates with Skysec Defence under a new agreement to enhance drone defense capabilities for military use.

Zurich VC Lakestar Secures $600 Million In New Funds

12 April 2024
Zurich VC Lakestar Secures $600 Million In New Funds
Lakestar successfully closes two new funds, accumulating $600 million, to advance Europe's digital sovereignty.

Stay in Touch!

Noteworthy

Thai Central Group to Allegedly Takeover KaDeWe
Thai Central Group to Allegedly Takeover KaDeWe
12 April 2024
Leonteq and Raiffeisen Extend Partnership
Leonteq and Raiffeisen Extend Partnership
12 April 2024