According to a report issued by Statec and the Ministry of Justice, 196 companies declared bankruptcy in Luxembourg in the first two months of the year.

170 businesses went into liquidation.

According to Statec, the number of bankruptcies remained stable when compared to 2021, which saw an average of 98 businesses declare bankruptcy per month. This year, 100 businesses declared they were bankrupt in January, with 96 in February.

One third of the declarations affected holdings and investment funds, while nearly one company in five came from the commerce sector.