Denmark tops the league of EU country with increasing bankrupt companies
Friday, 18 November 2011
Tight Danish business laws and climate mean that there is little flexibility for companies that are distress to regain some composure. As such Denmark leads the league of countries where companies often seek bankruptcy protection or where companies easily collapse.
The view that Danish companies are often bankrupt in Europe has been echoed again recently according figures from the Danish Ministry of Industry publication recently. As such the news government is now seeking and investigating means that will revive the Danish economy.
“The steep rise in bankruptcies is also partly linked to the fact that the Danish economy is characterized by many small businesses,” says Anders Hoffman, who contributed to the report according to Danish daily, Jyllands-Posten.
By Scancomark.se Team