Greece reported a 35.9% quarterly increase in bankruptcy declarations in the first quarter of 2025, the highest in the European Union, new data from Eurostat has found.
Other countries to report a notable increase in bankruptcy declarations compared to the previous quarter (Q4 2024) included Sweden (+22.7%), Estonia (+20.4%), Romania (+12.2%) and Czechia (+9.9%).
In contrast, several countries reported a notable decline in bankruptcy declarations on a quarter-on-quarter basis, with Cyprus reporting a 70.0% decline, Malta a 66.6% decline, Latvia down 21% and Croatia down 19.9%. No data was available for one EU member state – Ireland.
Overall, across the European Union, seasonally adjusted bankruptcy declarations in Q1 2025 decreased by 0.9% in the EU and by 2.2% in the euro area, compared with the final quarter of last year.
New business registrations were also down, by 5.1%, on a quarter-on-quarter basis, however they remain above pre-2021 levels. The highest increase in new business registrations were recorded in Cyprus (+9.8%), Lithuania (+8.9%) and Croatia (+4.2%), according to Eurostat. Read more here.
| Country | Change (%) |
|---|---|
| Greece | 35.9 |
| Sweden | 22.7 |
| Estonia | 20.4 |
| Romania | 12.2 |
| Czechia | 9.9 |
| Austria | 5.5 |
| Spain | 5.2 |
| Slovakia | 4.7 |
| Finland | 4.5 |
| Belgium | 2.5 |
| Slovenia | 2.0 |
| Poland | 0.9 |
| Denmark | -0.8 |
| Germany | -1.3 |
| Hungary | -1.3 |
| Bulgaria | -5.9 |
| Italy | -6.0 |
| France | -7.6 |
| Lithuania | -8.3 |
| Portugal | -10.8 |
| Luxembourg | -11.3 |
| Netherlands | -14.9 |
| Croatia | -19.9 |
| Latvia | -21.0 |
| Malta | -66.6 |
| Cyprus | -70.0 |
| Ireland | n/a |
Tourists spent a total of 413 million nights at camping grounds, RV parks, and trailer…
Greece's manufacturing industry continued to expand in March, with production and new orders showing growth,…
The European Commission has taken 'preparatory steps' toward the implementation of the €90 billion Ukraine…
Some 84% of individuals in the Netherlands have at least basic digital skills, the highest…
Some 951.6 million short-stay accommodation nights were booked via platforms such as Airbnb, Booking or…
The population living in Sweden's urban areas and localities has 'increased steadily' over the past…