Swiss start-ups reach record numbers

The number of new companies in Switzerland reached a record level last year, while the number of bankruptcies dropped over the same period.

This content was published on January 10, 2008 - 11:43

Latest figures by a business information service show 36,427 new firms were grounded – up 6.3 per cent on 2006 – the third increase in a row.

Personnel recruitment companies as well as business and tax consultancies in the southern Ticino region and in central Switzerland made up the biggest group of new companies last year.

The number of bankruptcies dropped by 3,991 or 3.3 per cent compared with 2006. Small companies, notably in the construction, logistics and catering sector, were hardest hit.

According to Dun & Bradstreet, bankruptcy figures showed a correlation with the state of the Swiss economy which reached its peak in summer.

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