The number of corporate bankruptcies in Sweden this year is expected to reach more than 10,000 cases, a number that has not been recorded since the financial crisis in the 1990s.
Bloomberg News Agency quoted the CEO of the Foundation, Henrik Jacobsson, in a statement today, Monday, as saying: “Since the beginning of the year until now, the number of bankrupt companies has reached 9,197 cases, an increase of 24% over the same period last year, and an increase of 64% over the year before.” the past”.
The Swedish credit inquiry institution, Credit Save iSvrig, indicated that the deadline for payment of deferred tax dues on companies was a major reason behind the increase in the number of bankruptcies, describing this trend as a “time bomb.”
Credit Safe said real estate companies and car dealerships continued to struggle while retail businesses and consulting agencies showed some signs of improvement.
This figure in the number of bankrupt companies reflects a significant increase compared to previous years as a result of high inflation and interest rates, which increased operating costs and reduced demand for goods and services.
The most affected sectors include construction, trade, hotels and restaurants, as the ability of small and medium-sized companies to cope with economic pressures has decreased.
This crisis reflects a general deterioration in the Swedish economy, as high costs and declining consumption affected the ability of companies to survive in the market.
