Alarming increase in company insolvencies in Burgenland: 40.71% more!

Alarming increase in company insolvencies in Burgenland: 40.71% more!

In Burgenland, the alarm bells are on storm: The number of corporate insolvencies increased dramatically in 2024. A total of 159 bankruptcy proceedings were opened, which corresponds to an increase of 40.71 percent compared to the previous year, as burgenland.orf.at . The trading sector is particularly affected with 529 bankruptcies, followed by construction companies (493) and the gastronomy (356). High interest rates and stagnating loafing also put a strain on these industries, which brings many small businesses into a precarious location.

rising dangers for jobs

The bankruptcies endangered around 731 jobs in Burgenland. The Hauswirth company in Kittsee in particular is hard: there was an insolvency proceedings with estimated liabilities of ten million euros. The increasing uncertainty on the labor market continues to tighten the situation, which leads to reserved consumption behavior, according to the AKV. This is interpreted as a harbinger of an accelerated economic crisis, which also makes the forecasts for 2025 bleak, since the development is expected to remain the same.

At the same time, there is also an opposite tendency in the private bankruptcy sector: in 2024 it was 139 processes, which means a decrease of 14.20 percent compared to the previous year. The average debt of private individuals is around 123,500 euros, and the proportion of male debtors far exceeds the female. Further information controls orf.at bei.