THE NUMBER of restaurant bankruptcies rose sharply at the end of February in Finland, reports Asiakastieto.
The Finnish provider of business and consumer information reported yesterday that 14 restaurants were declared bankrupt between 22 and 28 February. Although the number is high in comparison to previous weeks, the number of bankruptcies in the first eight weeks of the year remains markedly lower than last year.
Its data review indicates that the total number of bankruptcies fell by 23 per cent year-on-year to 153 in February.
Also Statistics Finland has published preliminary data on bankruptcy proceedings initiated in the first couple of weeks of the year. The statistical bureau reported last month that the number of bankruptcy pr…
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