Vienna, April 21, 2025: Austria saw a sharp rise in corporate bankruptcies during the first quarter of 2025, driven by economic challenges such as inflation, high energy costs, and supply chain disruptions. Industries like manufacturing, retail, and hospitality have been particularly affected, with many businesses struggling to survive. Experts warn that if the trend continues, it could lead to a broader economic downturn.
The Austrian government has acknowledged the growing issue, with some officials suggesting the need for additional support measures to aid struggling businesses. The surge in bankruptcies highlights the vulnerability of small and medium-sized enterprises to external shocks, prompting concerns about the long-term economic impact on the country’s economy in 2025.
