All the European investment, retail, real estate, office and industry news in English language

Business bankruptcies in Greece decreased in 2019

The total number of business bankruptcies in Greece, in 2019, recorded a decrease of 23.2% in comparison with 2018 (63 bankruptcies in 2019, 82 in 2018).

As a result, the average annual change for the period 2010-2019 decreased by 18.1%.

For the period 2010 – 2019, a decrease is observed with average annual change for the sole proprietorships 20.0%, for the companies with individual ownership 15.4% and for the business partnerships 17.7%.

Most of the companies declared bankrupt, representing 38.1%, belong to section ”wholesale and retail trade, repair of motor vehicles and motorcycles”.

Other 23.8% belong to section ”manufacturing”, 15.9% to ”accommodation and food service activities” section and 6.3% to ”construction” section.

- ADVERTISMENT -

must read