
In the European Union, the number of new company registrations has reached its highest level in more than two years. And it is already at the pre-prediction level.This follows from current Eurostat data.
The number of new companies in the European Union increased by 5.3 percent quarter on quarter in the second quarter of this year. The number of bankruptcies also increased, but their increase was only less than two percent. This resulted in a net inflow of companies into the European Union market.
In year-on-year terms, the numbers are even more impressive. Year-on-year, 53 percent more companies registered, the year-on-year growth rate of bankruptcies was not even half. The rapid increase is due to the low base effect of last year’s second quarter when the EU market was hit hard by the coronavirus pandemic.
The largest increase in new company registrations was recorded in Ireland, at over 213 percent. Slovakia, Italy and Latvia showed a double-digit pace. The number of newly registered companies has decreased in seven European Union countries. The most massive emergence of new companies in the European Union was recorded in the third quarter of last year when the first wave of the pandemic subsided and anti-epidemic measures were relaxed.