Business bankruptcies increased slightly in 2021

Business bankruptcies in Switzerland increased slightly in 2021 over one year, but their number remains significantly lower than those recorded before the pandemic. The credits and aid granted to companies to overcome the health crisis as well as the partial unemployment measures implemented by the Confederation and the cantons partly explain this trend, indicates Wednesday the economic information firm Dun & Bradstreet.

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Some 3,946 firms had to shut down, an increase of 4% over one year, the statement said. Espace Mitteland (+ 18%) and Eastern Switzerland (+ 15%) recorded the most significant increases in bankruptcy. Southwestern Switzerland (-5%) and Ticino (-17%) have observed a significant drop.

Record of business start-ups

On the other hand, business start-ups hit an all-time high last year, according to Dun & Bradstreet. A total of 50,537 new registrations in the commercial register were reported, which represents a jump of 8%.

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In December alone, bankruptcies rose 19% to 624 cases while 4,950 new businesses (-2%) were created.

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