In the last quarter of the year, the European Average Payment Delay (APD) stood at 12.17 days, which represents a slight increase of 0.06 days compared to last year. Throughout 2024, the European APD reached its lowest level since 2011, with 11.89 days in the first quarter.
The recent rapid increase in the number of bankruptcies also has its good side: Among the companies that had to give up, many were zombie companies that were only able to survive for so long thanks to special circumstances and that damaged the economy.
Malaysia appears to have finally entered calmer political waters after experiencing significant political turbulence since 2018. It is also on course to transition from entrenched dominant-party rule to a competitive, multi-party democracy.
Ireland faces a number of well established, domestic economic constraints going into 2025, in the form of a housing crisis, public infrastructural deficits, planning difficulties, skill shortages and certain vulnerable sectors; such as hospitality. But, for every business failure in Ireland, 27.5 new businesses are being founded – a remarkable ratio of success.
The Federation of Business Information Services (FEBIS) welcomes the Commission work programme for 2025 which emphasizes competitiveness, digitalization and regulatory simplification as key drivers of economic growth and resilience.
EU officially launched its Competitiveness Compass, which establishes competitiveness as one of the EU’s overarching principles for action. Europe can only match its continent-sized competitors if EU and national policies are aligned around the same objectives and reinforce each other.
During 2024, there has been a rise in the number of insolvency proceedings, of 22%, with bankruptcies being the most abundant, representing 79%, and special proceedings growing the most, 192%, to reach the highest figure of the last decade, 9,015 proceedings in total.
Corporate insolvencies in Germany are rising for the third year in a row. At the end of 2024, a new record high of 22,400 bankrupt companies was recorded.
The global economy continues to show resilience, with inflation rates declining without causing a recession. However, potential import tariffs from the new US administration could pose a risk to future global growth. ...