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A report prepared by the Bank of France stated that 55,492 companies and establishments declared bankruptcy in the country and closed in 2023.
The report stated: “The number of bankruptcies rose in 2023 to 55,492 by the end of December.”
The bank noted that “the current level of the number of bankruptcies does not exceed the average between 2010 and 2019 (59,342), and during the Corona virus pandemic (2020-2021), where this indicator was two times lower than it is now.”
The report explained that “in most cases, we are talking about small and medium companies (55,435 cases) whose number of workers does not exceed 250 people.”
The number of medium and large companies with more than 250 workers that closed last year reached 57 companies, which is twice more than in 2022.
Source: Agencies