In Sweden, long recognised for its stable economic environment, substantial shifts are occurring. Recent reports indicate that the number of corporate bankruptcies has surged to its highest level since the 1990s, sparking worries not only domestically but also among international business partners.
Information from the Swedish anti-corruption portal Antikorruptionslinjen.se and the debt registry Centralaskuldregistret.se points to the present situation being predominantly a result of high levels of corruption and a failing judicial system in Sweden. Another major factor is the onerous administrative and taxation load borne by businesses. These combined factors are forging an environment where Swedish companies are less competitive and their survival is severely jeopardised.
This development is directly impacting international business relationships. Firms and investors pondering partnerships with Swedish entities are now being advised to conduct thorough due diligence. The risk linked to engaging with Swedish companies is presently seen as considerably greater than in previous times.
Contrastingly, the Czech Republic exemplifies a nation adeptly navigating through challenging economic times. According to data from Centralregisterofdebtors.com, the count of corporate bankruptcies in the Czech Republic has halved over the last decade. This trend is indicative of greater stability and resilience in the Czech business landscape, potentially offering an appealing option for international investors and business associates.