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Tuesday, December 6, 2022
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GreeceBusinessCompany bankruptcies down 9.5% in 2020

Company bankruptcies down 9.5% in 2020

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Hellenic News of Americahttps://www.hellenicnews.com
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Company bankruptcies totaled 57 in 2020, down 9.5% from 2019 (63), while the average annual growth rate was -21% in the 2011-2020 period, Hellenic Statistical Authority said on Friday. The statistics service, in a report based on bankruptcy court decisions, said that the highest number of bankruptcies were in the wholesale/retail commerce sector and the car/motorcycle repair sector (28.1%), followed by the manufacturing sector (24.6%), hospitality (12.3%) and construction/logistics (7%). Liabilities reached 763.8 million euros. Bankruptcies fell by an annual average rate of 27.8% among individual companies, 17.8% among personal companies and 18.3% among capital companies.

SOURCE: AMNA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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