In January-March period, number of newly established firms increased by 11.8% year-on-year
In the first quarter of this year, the number of newly launched companies increased by 11.8% in the EU, on a yearly basis.
Meanwhile, 7.3% more enterprises declared bankruptcies year-on-year in the January-March period, according to the 27-member bloc’s data on Tuesday.
On a quarterly basis, the number of new businesses rose by 0.3% while the number of registered bankruptcies rose by 5.8% in the first quarter.
Monthly figures were 0.1% and 1.8% in the euro area, respectively.
The eurozone/euro area, or EA19, represents member states that use the single currency euro while the EU27 includes all member countries of the bloc.