Creditsafe: 206 Norwegian companies went bankrupt in January

KronerPhoto: Terje Pedersen / NTB

206 Norwegian companies went bankrupt in January – an increase of 18% compared to the same month last year.

This is the first time in almost two years that the bankruptcy figures have been higher than the same month the year before, according to new figures from Creditsafe.

“We still have artificially low bankruptcy figures, but now we possibly see a change of pace. For the first time in a long time, we see an increase in the number of bankruptcies. Perhaps we also see the start of approaching a normal situation,” general manager Per Fjærestad in Creditsafe Norway stated.

Despite the increase from last year, the bankruptcy figures for January are still considerably lower than in 2019 and 2020, with 326 and 356 bankruptcies, respectively.

For the first time since March 2020, bankruptcy figures are increasing in most counties. Only Rogaland, Viken, and Vestland saw a decline in bankruptcies in January, while Innlandet had the same number of bankruptcies as last year.

Source : © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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