Türkiye is among the countries that recorded a notable increase in corporate insolvencies, with bankruptcies rising by 23% in 2024 compared to the previous year.
This figure placed Türkiye 11th among the 47 economies covered, just after Sweden.
According to the Dun & Bradstreet Global Bankruptcy Report, Ukraine led the ranking with a 126% surge, as the ongoing war with Russia severely weakened the country’s economic resilience.
The latest edition of the report reveals that business bankruptcies surged globally in 2024 and are expected to continue climbing throughout 2025, reaching levels not seen in over a decade.
According to the data, 65% of the monitored economies experienced an increase in bankruptcies, a marked rise from 53% in…