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

... 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 ...

GERMAN BUSINESS SHOWS RECORDS IN THE NUMBER OF BANKRUPTCIES

...,622 cases of insolvency were officially recorded, which is 27.6% higher than in January 2023. German statistics have been recording such dynamics, showing a double-digit increase in the number of bankruptcies, since the middle of last year. In fact, business has only now returned to the level typical for April 2019 – March 2020, preceding the outbreak of the pandemic. Experts believe that the actual number of bankruptcy cases may reach 20 thousand. The main reasons are the rise in energy prices, ...

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 ...

91% OF GERMAN BREWERS ARE CONCERNED ABOUT BANKRUPTCY

... has been extended until March 7. In general, beer sales fell to 70%, say DBB’s representatives. According to the head of the association, Holger Eichele, 20-30% decrease in annual turnover carries the threat of bankruptcy. Given that the borders of Germany and other EU countries have remained closed for a long time, the supply of German beer abroad was reduced by 13%. Experts emphasize that the country's brewing industry mainly consists of small and medium-sized businesses, for which revenues depend on regional catering establishments, which are suffering from quarantine measures. According to DBB spokesman Mark-Oliver Hungholz, small-scale keg brewers receive up to 90% of their revenues from local pubs and restaurants....

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