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91% OF GERMAN BREWERS ARE CONCERNED ABOUT BANKRUPTCY

... bankruptcy. Given that the borders of Germany and other EU countries have remained closed for a long time, the supply of German beer abroad was reduced by 13%. Experts emphasize that the country's brewing industry mainly consists of small and medium-sized businesses, for which revenues depend on regional catering establishments, which are suffering from quarantine measures. According to DBB spokesman Mark-Oliver Hungholz, small-scale keg brewers receive up to 90% of their revenues from local pubs and restaurants....

A WAVE OF BANKRUPTCIES COVERED POLAND

... At the end of 2020, the total delay in debt payments registered in the National Debt Register amounted to 59.2 billion zlotys (about 1.2 trillion rubles). This is almost 3.5 billion zlotys (70.5 billion rubles) more than a year earlier. About 11% of businessmen working in the field of small and medium-sized enterprises are concerned about the risk of the complete liquidation of their business. In addition, according to the Polsat News.pl news portal, the average amount of debt obligations of Polish ...

RECORD NUMBER OF COMPANIES WAS CLOSED IN RUSSIA OVER THE LAST YEAR.

... the exclusion of companies from the register of legal entities occurs, as a rule, on the basis of a decision of the tax authorities. Firms stop submitting annual financial statements and do not perform banking operations, thereby, in fact, terminating business activities. The President of FinExpertiza Elena Trubnikova believes that the main factor in the decrease in the rate of registration of new enterprises was the coronavirus and the consequences caused by it, which complicated the registration ...

EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

European countries are spending fabulous sums trying to keep businesses afloat during a pandemic. An economic recession can lead to stagnation for a decade, which has been recently called "lost" by the World Bank. In this situation, attempts to prevent a surge in mass unemployment through the subsidies ...

25% OF BELGIAN ENTERPRISES ARE AT RISK OF BANKRUPTCY

... times have come for the university town of Louvain-la-Neuve, where unique museums are located and the streets are always lively. Here the leisure sphere was under pressure. The situation is different in industrial Mons, Liege or metropolitan Namur. Many businesses in Charleroi, known to be an important hub for transporting goods by air, water and land, have been hit by the potential closure. The head of the R&D division of Graydon, Eric Van den Brule, last fall expressed his views about the necessity ...

RUSSIAN FASHION MARKET DROPPED BY 25%

... amid the pandemic, have tried to restructure the forms of interaction with landlords, seeking short-term leases and removing penal provisions from contracts. At the same time, their size, as noted by a representative of the Colliers International core-business department, continues to remain the same as in 2019. The experts noted that the consequence of the transition of many companies to online market was the further curtailment of offline trade. The number of firms selling women's clothing in large ...

JEEP CHEROKEE IS LEAVING THE RUSSIAN MARKET

The American Jeep Corporation announced termination of the further sale of Jeep Cherokee cars in the Russian Federation. According to the official line, this decision is associated with low demand among Russian consumers. In recent years, the model has demonstrated the lowest sales figures. Despite the fact that the certificate for the car is valid until August next year, it will no longer be possible to sell it at Russian dealership centers. This is due to the fact that at the moment, the stock...

POLISH AIRLINES LOT MIGHT GO BANKRUPT

LOT Polish Airlines (PLL LOT) found itself face to face with a number of financial problems that could lead the national carrier of Poland to ruin. The pandemic has become the reason for the deplorable state of affairs - many of the 37 airliners belonging to LOT have been chained to the ground for a long time. A few months ago, the management of PLL LOT hoped for help from the state, having sent appropriate appeals to the authorities. In particular, one of them was sent to the Ministry of State...

NORDEA BANK IS LEAVING RUSSIAN MARKET

The day before, it became known about the decision of the Nordea Group to close the bank of the same name in Russia. The corresponding announcement has already been published on the official website of the bank. The reason for this was the desire of the company to concentrate on the Scandinavian market, in connection with which the activities in other countries, including Russia, will be terminated. At the same time, the representatives of Nordea assured that the liquidation procedure of the credit...

MORE THAN 30 US STATES SUE GOOGLE CORPORATION

A class action lawsuit was filed against the American corporation Google in the Washington court. The case was initiated by more than 30 American states, led by the Attorney General of Colorado. The claim against Google boils down to its established dominant position in the provision of information search services on the Internet. The plaintiffs ask the court to restore competition in the market for providing similar services. The initiators of the case believe that due to the corporate misconduct...

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