About: insolvency

Cyprus insurer’s bankruptcy sends shockwaves through Bulgaria

The liquidation of Cyprus’ Olympic Insurance, largely unnoticed on the island, is sending shockwaves through Bulgaria as it has left almost 200,000 policyholders with no coverage, causing a serious political crisis.

Cartel money should fund SMEs, says union leader

Three billion euros' worth of EU cartel fines could fill a growing credit gap for small and medium-sized enterprises, according to a proposal made by Christopher Leitl, president of the Austrian SME union, to the European Commission.

Expert group calls for reform of insolvency laws and social attitudes to bankruptcy

A recent report on bankruptcy in Europe assesses how insolvency laws impact on the survival of businesses.