17.May .2022 18:00

Business registrations and bankruptcies down in the EU

Business registrations and bankruptcies down in the EU
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In the first quarter of 2022, compared with the previous quarter, both registrations of new businesses and bankruptcies decreased in the EU, although bankruptcies to a lesser extent. Registrations of new businesses fell by 2.3% and bankruptcies by 0.8%.

In the first quarter of 2022, the number of registrations of businesses was 1% higher than in the same period in 2019, before the COVID-19 crisis, while the number of declarations of bankruptcies decreased by 23% over the same period, EuroStat reports. 

In terms of registrations, at the beginning of 2022, there were considerably more registrations of businesses than before the COVID crisis period in information and communication (+17%), compared with the first quarter of 2019. On the other hand, in accommodation and food services, significantly fewer businesses were registered at the beginning of 2022 than in the first quarter of 2019 (-17%).

The number of declarations of bankruptcies, at the beginning of 2022, was smaller than before the COVID-19 crisis period in all activities, except for accommodation and food services, for which bankruptcies increased by 11%, compared with the first quarter of 2019.