The number of companies declaring bankruptcy in Finland rose to a 30-year high in 2025, according to data published by Statistics Finland, Anadolu reports.

Last year, just over 3,900 companies declared bankruptcy, the highest annual figure since 1996, when the country was emerging from an economic depression caused by falling trade with the Union. The Soviet Union and a banking crisis.

The companies that went bankrupt last year employed about 14,300 people. “Looking at the number of employees affected, it is mainly small and medium-sized companies that are going bankrupt,” said senior statistician Mira Kuussaari in a statement.

In December alone, 360 bankruptcy proceedings were initiated, a 34 percent increase from last year. Statistics Finland said the current wave of bankruptcies began in 2023, with an average of about 3,600 companies filing for bankruptcy each year over the past three years.

The annual average during the 2010s was about 2,700 companies.

The construction sector recorded the highest number of bankruptcies, with 768 companies filing last year. However, Kuussaari noted that bankruptcies among construction companies peaked in 2023.

“In virtually all other sectors, the trend has been upward,” she added.

Source: prizrenpost