According to the financial analysis platform RisCo, companies in Romania continue to face financial difficulties, leading to the opening of insolvency files and court proceedings, RomaniaJournal.ro reported. This trend is confirmed by data from November 2025, when the number of insolvency cases reached 985. Compared to November 2024, when the number of insolvencies slightly exceeded 670 cases, November 2025 shows a 46.5% increase. This surge highlights an intensification of insolvency cases during the analyzed period.

Administrators to Petrofac, the collapsed oilfield services company, are racing to secure a sale of its North Sea operations by Christmas - a move which could save thousands of British jobs. Sky News understands that Teneo, which is handling Petrofac's insolvency, received a handful of bids for its profitable UK business late last week. City sources said the administrators wanted to sign a deal with a purchaser before the end of the year.

Bel Fuse said it will record an impairment charge of up to about $14 million because Innolectric, a company in which it owns a stake, is initiating insolvency proceedings, MarketWatch.com reported. Innolectic, a German charging technology company, began insolvency proceedings in November as it has recorded several years of losses and its majority owner will not be able to provide future funding, Bel Fuse said on Wednesday.

The Bank of England said on Thursday that it was launching a stress test of how the $16 trillion global private equity and private credit industries would deal with a major financial shock, Reuters reported. The central bank said the system-wide exploratory scenario will produce a final report in early 2027 which will focus on the impact on the British economy as a whole, rather than publishing details on the vulnerabilities of individual firms. "Private equity and private credit play an increasingly valuable role in helping UK companies to innovate, invest and grow.

Italy's Economy Ministry has ordered an in-depth review of ​existing safeguards against cryptocurrency risks, which ‌are seen potentially rising, the Bank of Italy ‌and other financial regulators said on Thursday, Reuters reported. "An in-depth review has been launched to assess the adequacy of existing safeguards for direct ⁠and indirect investments in ‌crypto-assets by retail investors," the regulators said in a statement.

Finland's unemployment rate has soared to one of the highest in the EU, and with no clear signs of a turnaround, experts say that it poses a challenge to the country's welfare model, AFP reported. Finland's unemployment rate for people age 15 to 74 reached 10.3% in October, the highest rate in the Nordic country since at least 2009, according to Statistics Finland. Figures from the European statistics agency Eurostat showed Finland's seasonally adjusted unemployment rate hit 9.6% in September, the second highest in the EU after Spain's 10.5%. The EU average was 6%.

In November, 952 companies went bankrupt in Belgium, marking the worst November on record, according to business information firm GraydonCreditsafe, the Brussels Times reported. The number of bankruptcies increased by 15% compared to November 2024. This sharp rise was partly attributed to the autumn holidays taking place in October this year, as most business courts held more hearing days in November. Over the first eleven months of 2025, 10,583 companies filed for bankruptcy. This is the second-highest figure ever recorded, following 2013.

Switzerland’s attorney general filed criminal charges against UBS UBS 0.52%increase; green up pointing triangle and a former Credit Suisse compliance officer, saying they failed to take steps to prevent money laundering in what later became known as the Mozambique “tuna bonds” scandal, the Wall Street Journal reported. The charges are the latest in a saga that started around 2013, when Credit Suisse arranged $2 billion in debt deals for state-owned companies in Mozambique to buy tuna-fishing vessels and other equipment.

The Bank of England has sounded the alarm about foreign hedge funds buying up UK debt, warning that their speculative trades could spark a crisis, The Telegraph reported. The British Government is becoming increasingly reliant on a small group of opaque foreign investors to finance its large deficit, Threadneedle Street officials warned. Buying UK government bonds, known as gilts, allows hedge funds to bet on tiny differentials between current and future prices. However, they also often borrow against the same gilts to juice the returns on their investments.

Ukraine launched a new effort to restructure certain sovereign debt obligations as the nation vies to improve its financial health and defend itself against Russia, WSJ Pro Bankruptcy reported. The finance ministry on Monday announced an offer for investors holding $3.2 billion of growth-linked warrants to swap them into a mix of cash and new bonds. Ukraine defaulted on the warrants over the summer after failing to make payments due in June. The warrants entitle holders to payments if the nation’s gross domestic product growth surpasses 3%.