Few firms went bust last year, 99 hospitality sector firms closed for good

Even though there was a lockdown for much of 2021, just 1,536 companies were declared bankrupt last year, the lowest figure since 1990, national statistics agency CBS said on Wednesday. Most bankrupt firms were in the trading, construction and financial services sectors, the CBS said. Just 99 hospitality industry companies went bust, even though they were closed for much of the year. In 2020, the first year of the pandemic, 2,703 firms were declared bankrupt. The government has pumped billions...