Austria’s business landscape saw a challenging year in 2024, with a significant increase in corporate insolvencies driven by economic factors such as rising inflation, recession, and the end of pandemic-related support. While businesses struggled, a notable rise in new company formations offered a mixed picture.
In 2024, the number of corporate insolvencies in Austria surged by 29.1%, reaching 3,628 cases—the highest since 2020. / Picture: © www.parisnajd.com
In 2024, Austria faced a sharp increase in business…
