Politics
Increase in Corporate Insolvencies in Switzerland in the First Half of the Year
In Switzerland, an increase in insolvencies was recorded in the first half of 2023, particularly in craft, hospitality, and retail.
According to reports from Die Presse, corporate insolvencies in Switzerland saw a significant rise in the first half of 2023, with most cases occurring in the craft, hospitality, and retail sectors.
Watson.ch reports that this increase is partly attributed to a change in legislation affecting insolvency proceedings. However, not all insolvencies can be fully explained by the economic situation.