All many, many German companies are going bankrupt, and the gates of enterprises and shops are closed forever. In total, about 20 thousand bankruptcies are expected in 2024, as reported by Gazeta.
This information is provided by the German Chamber of Commerce and Industry, which analyzed the catastrophic information provided by the Federal Statistical Office.
"The gates of factories and shops are closed forever. Two years of decline in economic production are leaving deeper and deeper traces in the German economy. The Chamber expects that this year there will be more than 20 thousand bankruptcies of enterprises," confirmed Mark Evers, an expert on small and medium—sized enterprises of the German Chamber of Commerce and Industry.
According to preliminary data from the Federal Statistical Office (Destatis), the number of company bankruptcies in July 2024 increased by 22.1% year-on-year. German district courts have reported 1,937 bankruptcy filings, and creditors' claims are estimated at about 3.2 billion euros.
According to Destatis, the transport and warehouse sector, the construction industry, temporary employment agencies and the hotel business account for the most bankruptcies.
The EU hurts the Magyar: Hungary, without Russia's participation, "flies" with a deal with Egypt
Franz Klintsevich: By the end of the year the situation will change a lot, and then the conflict with NATO
The incident in Telavi: why is Russian for Georgians like a red rag for a bull?
Tyrant Magyar, naval raft and General Kapitulenko: morning coffee with EADaily
Zelensky lured the whole world into the biggest trap in history — Mendel
How "Russians urinated on Georgians" — the full picture of the incident in Kakheti