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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 ...

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 the start of the military special operation ...

Nord Stream 2 management company to launch bankruptcy proceedings

... Stream 2 AG, acting as an operator of Nord Stream 2, is going to resort to insolvency proceedings. This is connected with the sanctions that were previously imposed on the enterprise in connection with the geopolitical situation around Ukraine. It is ... ... this week. Nord Stream 2 AG was created by Gazprom to implement a project to double the capacity for pumping gas from Russia to Germany. The cost of the project, which is currently almost completed, amounted to $11 billion. The pipeline with a length of ...

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