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

... 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 bankruptcies. The media quotes the words of Markus Jerger, head of the Federal Association of Medium Businesses (Bundesverband mittelständische Wirtschaft, BVMW). In his opinion, fuel prices have become an existential ...

Will the Western corporations that have left Russia be driven to bankruptcy?

... authorities continue to announce measures that can be taken. One of such measures discussed in a number of media may be the bankruptcy of companies within 3 to 6 months. Finance Minister Anton Siluanov called such a bankruptcy mechanism accelerated.... ... an interview with a Russian state television channel, the finance minister said that the country is not interested in foreign business leaving Russia. This path is not beneficial to either side. However, if the company abandons its property and employees,...

Russian dairy plants are on the verge of bankruptcy

... Government. As a result, experts from the Ministry of Agriculture and the Ministry of Economic Development made a conclusion that without state support, the industry might face financial instability, which would threaten many industrial complexes with bankruptcy. Interfax cites its own sources in one of the ministries by reporting a letter with the results of the report. According to the data received, milk processing plants expect a reduction in supplies associated with an increase in the cost of ...

Special operation in Ukraine may drive Russian tour operators to bankruptcy

... Russia. This opinion is expressed by the experts from Turkey involved in the analysis of the tourism market. They are confident that sanctions against Russian aviation can lead to the collapse of the civil transportation market, including not only business, but also the tourism sector. Many travel agencies associated with the Turkish destination are planning to suspend all business operations in Russia or completely stop them. According to the market participants, this will lead to a significant ...

The Supreme Court of the Russian Federation stood up for a bona fide client of a bankrupt bank

... document issued by the bailiff. After the bank's license was revoked, insolvency proceedings began, during which the debtor's bankruptcy trustee discovered the transfer and considered it a preference over other creditors. The court of first instance, ... ... debtor's assets for the billing period, which does not allow it to be classified as a transaction in the ordinary course of business. However, the Supreme Court of the Russian Federation did not agree with such arguments. The Economic Board noted that ...

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