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1109 companies bankrupt last year in Iceland

1109 private companies went bankrupt in 2012, a 30% decrease from 2011 when 1579 companies went under. Most of the bankruptcies were in the construction industry, but construction really slowed down after the crisis in 2008.

As reported by Statistics Iceland: In December 2012, 147 new private limited companies were registered compared with 137 in December 2011. The largest number of new registrations was in Real estate activities. In the year 2012 1,605 new private limited companies were registered, which is about 3% increase compared with 2011.

In December 2012, there were 132 corporate insolvencies. Largest number of insolvencies was in Wholesale and retail trade; repair of motor vehicles and motorcycles.

 

Source: Statistics Iceland

Last modified on Tuesday, 29 January 2013 12:22
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