site.btaVienna Aims to Attract Foreign Business amid a String of Austrian Firm Bankruptcies
Vienna City Centre (BTA Photo/Vladimir Shokov)
Austria saw numerous insolvencies in 2024: the bankruptcy of the internationally renowned bicycle manufacturing firm KTM and the collapse of the Signa Group were the two most prominent of more than 6,500 corporate insolvencies. In the state of Burgenland, the number has increased by more than 50%, with more than 320 companies declaring insolvency
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