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

... 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 ...

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 ...

British retailer Marks & Spencer may leave French market

... chain's stores. The company, which returned to the market about 10 years ago, is currently under the serious pressure on its business. The retailer has released information that products are delayed at the border of the UK and France, returning back in ... ... in France are empty, as the authorities have introduced severe restrictive measures that impede international trade with the European countries. The company has not yet left France, but this may happen in the nearest future. M&S management is in negotiations ...

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