Finland has experienced an unprecedented number of business bankruptcies in the 48th week of 2023, with 85 companies being declared insolvent. This figure is the highest weekly total since Finland’s Asiakastieto Oy began its weekly bankruptcy tracking in 2019.
According to Jaakko Nors, a product owner at Asiakastieto who specializes in bankruptcy data, by the end of this year, over 2,700 companies are projected to have filed for bankruptcy.
Nors noted that surpassing 2,000 bankruptcies in a single year has been a rare occurrence this millennium, making 2023 an exceptionally challenging year for Finnish businesses.
The construction sector is prominently featured on the list of the year’s largest…
