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GERMANY MAY BE LEFT WITHOUT TOILET PAPER

Paper in Germany may become a scarce commodity. Experts declare a reduction in the production of cardboard, hygiene products, toilet paper and other indicators of stability, which the country is rapidly losing. The reason for this situation is called the reduction ...

Germany faces a wave of bankruptcies due to the refusal of Russian gas

The refusal of Russian gas could lead to a sharp increase in the number of bankruptcies in Germany. This will mostly affect small and medium-sized enterprises that do not have long-term contracts for the supply of natural gas. The attention to the problem was drawn by the German media Handelsblatt . The published material contains data ...

SMALL AND MEDIUM BUSINESSES IN GERMANY ON THE VERGE OF BANKRUPTCY DUE TO FUEL PRICES

The rapid rise in energy prices has jeopardized the work of companies in Germany. However, the problem does not only concern gas stations and the transport sector. According to local experts, existing taxes on electricity and the protracted reform of the public transport fare system could lead to bankruptcy of significant ...

A resident of Germany killed his wife and three children over a fake vaccination certificate

The tragedy in Germany took the lives of three children, their father and mother. As the investigation suggests, a 40-year-old resident of Königs-Wusterhausen named David killed his wife and three children from a firearm, after which he committed suicide. The ...

Germany’s Frankfurt-Hahn airport files for bankruptcy

Frankfurt-Hahn Airport, located in western Germany, has filed for bankruptcy. Officially, this happened due to a pandemic, but a decrease in passenger traffic in the air harbor was noted even before 2020. The history of the airport began with its use as an air harbor for the US military, but ...

A trial against 100-year-old ex-guard of the Sachsenhausen concentration camp has been initiated in Germany

A trial against the former guard of the Nazi camp Sachsenhausen has been initiated In Germany. According to the investigation, the man participated in the murders of thousands of prisoners. Last Thursday, the German court of the federal state of Brandenburg began to consider the case against the centenary ex-guard of the concentration ...

GERMAN BUSINESS SHOWS RECORDS IN THE NUMBER OF BANKRUPTCIES

The number of German companies that have reported bankruptcy is growing rapidly, according to the publication Merlin 24/7. According to the German statistical Office, in March 2024, the number of legal entities that reported their insolvency increased by 12.3%, compared with similar data for March 2023. The month before, the growth rate was even higher, amounting to 18.1%. And in the first month of this year, 1,622 cases of insolvency were officially recorded, which is 27.6% higher than in January...

GERMAN TUNING STUDIO CARLSSON DECLARED BANKRUPT

... the company out of the financial impasse. In 2015, the organization went bankrupt. The tuning studio was acquired by Sambo Motors, the largest supplier of components for Hyundai Motor Group. Carlsson's main office was moved to Saarlouis, the center of Germany's steel industry district. It was decided to sell the main business, and make the activities of the Carlsson Peninsula subsidiary brand, engaged in tuning Hyundai and Kia car brands, a priority. The company continued to service Mercedes-Benz cars,...

GERRY WEBER RETAIL CHAIN DECLARED BANKRUPTCY

A chain of clothing stores in Germany announced the beginning of bankruptcy proceedings. The firm, which managed more than 170 outlets in the country, announced plans to close 122 stores and lay off 350 employees by the fall of 2023. The reason for the financial collapse in the ...

German manufacturer of condoms for Russians went bankrupt

... Experts suggest that this factor could have caused the bankruptcy, since the sanctions imposed by the EU countries against Russia's actions on the territory of Ukraine made deliveries impossible. As a result, CPR became actually the first company in Germany to go bankrupt due to the EU sanctions. However, not only this factor could become decisive for the financial condition of the company. A few years ago, the company was already on the verge of bankruptcy, but then the problem was solved. Before ...

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