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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 number of entrepreneurs. According to the NEOPresse media, gasoline prices have already exceeded € 2 per liter at gas stations in Germany. The cost of gas also doubled. This raises concerns among businessmen who fear corporate ...

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 ...

German manufacturer of condoms for Russians went bankrupt

... The company, founded in 1987, annually produced up to 200 million contraceptives. Moreover, Russia was one of the main export destinations. Deliveries to it reached 25% of the total sales volume. 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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