Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Fewer companies going bankrupt

Share this article

09:11 CEST+02:00
Fewer companies in Sweden are going bust, according to new figures published on Friday.

In May, 440 companies were declared bankrupt, a fall of eight percent from May 2006. So far this year, the number of bankruptcies is down 6 percent, according to credit rating agency UC.

The biggest change was noted in Norrland, with private service companies showing particular improvement.

Despite the overall good news, UC said that May had brought an unexpectedly large number of bankruptcies in retail companies, despite the current consumer spending boom.

Get notified about breaking news on The Local

Share this article

From our sponsors

Swedish for programmers: Tailored Swedish courses for techies

How do you get a job in Sweden's competitive tech industry if you're new to the country and don't speak the language? Enter SFX-IT, a specialised language course tailored for foreign techies living in Sweden.

Advertisement