Number of corporate bankruptcies in the Ried district falls significantly!

Number of corporate bankruptcies in the Ried district falls significantly!

Ried im Innkreis, Österreich - Current developments in the Ried district bring positive news when it comes to corporate insolvencies. In the first half of 2025, according to the Kreditschutzverband 1870 only eleven insolvents were registered. For comparison: In the previous year, 18 companies had to register bankruptcy up to the same time. This development shows that the Ried district apparently deals better with the economic challenges.

At the state -wide level, however, the situation looks very different. In Upper Austria, a total of 384 companies filed for bankruptcy in the first half of 2025, which means an increase of almost ten percent. The trade, construction industry as well as gastronomy and hotel industry are particularly affected by this wave. Here Petra Wögerbauer, the head of the KSV 1870 Nord, warns for caution: If the economy does not recover quickly, there is a further increase in bankruptcy. For the entire year 2025, the KSV expects more than 800 company slides in Upper Austria.

private bankruptcies and debt regulation procedures

While corporate insolvencies decrease in the district, the situation among private bankruptcies remains relatively stable. These show a marginal decline of 0.7 percent. In the Ried district, however, there is an increase in the debt regulation procedure from 22 to 25 procedures. The average debt burden in these cases is around 123,000 euros. Wögerbauer explains that private bankruptcies can often lead to corporate insolvencies with delay. Many people initially live on their savings and reduce their consumption, but this can ultimately lead to a sudden financial collapse.

These numbers throw an exciting light on the crisis resistance of the Upper Austrians. Despite the tense financial environment, many people seem to have their affairs better under control than could be assumed. The first successes are visible, but it remains to be seen how the economic conditions will develop in the coming months in order to secure economic stability in the long term. The KSV therefore urgently calls for stronger economic impulses and stabilization through grants and cost relief to counteract other bankruptcies.

For detailed information about current bankruptcy reports in Austria, the Insolvenzticker of the AKV. Data on corporate registrations and bankruptcies in Austria are also available on the website of Statistics Austria where corresponding data have been published since 2021. The coming months could be decisive for how the economic situation in Ried and all of Upper Austria is developing.