4,500 businesses kept afloat with government supports during pandemic | Business Post

PwC estimated that there is currently a debt overhang of at least €10 billion. Picture: Getty

Almost 4,500 Irish businesses — or approximately 50 per week — were saved by government supports from going bust during the pandemic, with many likely requiring “additional support” to repair their balance sheets, according to a new report. Analysis conducted by PwC, the professional services firm, found that the overall insolvency rate was 14 per 10,000 companies in 2021, down 87 per cent from its peak in 2012.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

State saved 4,500 companies from going bust during pandemic – report‘Debt overhang’ of at least €10bn as recovery begins, estimates PwC analysis via IrishTimesBiz
La source: IrishTimesBiz - 🏆 6. / 77 Lire la suite »

Stripe teams up with Bodum to help company grow onlineStripe teams up with Bodum to help company grow online via IrishTimesBiz
La source: IrishTimesBiz - 🏆 6. / 77 Lire la suite »

Net zero in the finance sector, getting tax back and corporate loyaltyBusiness Today: the best news, analysis and comment from The Irish Times business desk
La source: IrishTimesBiz - 🏆 6. / 77 Lire la suite »

Subscriber survey: We would like to hear from you | Business PostFor every survey response the Business Post will donate €5 to a charity you select from the available options
La source: businessposthq - 🏆 8. / 71 Lire la suite »