A wave of bankruptcy is expected in the second half of the year in Austria

The number of corporate bankruptcies fell 41.4 percent last year to 1,784, and the number of private bankruptcies fell 23.6 percent to 7,256. Liabilities from corporate bankruptcies increased to 5.2 billion euros from 2.2 billion euros of a year earlier, while liabilities from private bankruptcies fell to 1.02 billion euros from 1.2 billion euros in 2019. (MTI)