The number of companies declared bankrupt increases by 30 percent

The number of bankruptcies in Finland has seen a significant increase in the first quarter of 2023, according to a report by Suomen Asiakastieto Oy, a leading credit information company. The report reveals that by the end of week 13, 676 companies had been declared bankrupt, a 30 percent increase from the same period last year, and the highest figure in the past 15 years. This development is a cause for concern, as it indicates that many Finnish companies are facing severe financial difficulties.