Bottle in Vienna: Burgring 1 remains closed forever!

Bottle in Vienna: Burgring 1 remains closed forever!

The well -known Viennese restaurant "Burgring 1" has closed its gates permanently. As meinzirk.at, on June 26, 2025, a bankruptcy proceedings on the assets of Burgring 1 GmbH opened. This bankruptcy is already the second procedure that should affect the restaurant. As early as September 2024, a renovation process that was carried out without self -administration was initiated.

As part of this first procedure, the restaurant had tried to restructure it, which ultimately failed. The planned renovation plan, which provided a 20 percent quota and payment in installments, could not be met. As a result, the original claims of the creditors revived. A total of 47 creditors had registered claims of around 244,000 euros.

The numbers of the bankruptcies

The situation for companies in Austria is heading. Experts report a significant increase in corporate insolvencies. In the first half of 2024, the Statistics Austria already registered 3,298 bankruptcies, which corresponds to an increase of 26 percent compared to the previous year. Forecasts indicate that the number of bankruptcies in 2024 could exceed the 7,000 mark - the highest number since the 2009 financial crisis. Burgring 1 GmbH made it difficult to meet their financial obligations, so that bankruptcy has now finally occurred.

Attorney Georg Kahlig was appointed as insolvency administrator and the creditors were asked to register their claims by creditre reform by July 30, 2025. In addition, a report and examination of the examination and examination are scheduled for August 13, 2025, which should give a clear overview of the further steps in the procedure.

A look at the gastronomy

The situation around Burgring 1 GmbH is not an isolated case. A large number of restaurants are faced with massive challenges in the current economic situation. Even after the opening of the renovation process in September 2024, in which BUSCHING 1 planned a fresh start with new management and a focus on quality, the pressure in the industry was still high. Overall, it remains to be seen how many other companies can hold out in view of the critical situation in the catering trade.

Although BUSCHRING 1 was a popular meeting place for many Viennese, the question now remains what will become of this traditional restaurant in the future. What is certain is that the current uncertainty in the catering trade raises many questions and that the hope of improvement remains in sight.

For further detailed information you can report on gastro.news as well as the statistics and analyzes of [statistics.at] (https://www.statistik.at/statistiken/ industrie-bau-hand-hands-und-dienstemography/ Registrations-und-insolven) consult.