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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 ...

Six-month bankruptcy moratorium will be introduced in Russia

... bankruptcies is inevitable. Moreover, before, the moratorium applied only to those business sectors that were recognized as the most affected by the consequences of the... ... will be applied exclusively to creditors who “are deprived of the opportunity to file bankruptcy petitions for up to six months. The company or individual, as before, will... ...." It is quite logical that legal entities will face financial problems due to sanctions. A temporary ban on creditors from filing for bankruptcy will not force firms...

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,...

Foreign companies that are currently leaving Russia to be urgently driven to bankruptcy

... suspended their activities. Many cite currency volatility, difficulties in banking due to sanctions, and risks associated with logistics. According to Andrey Belousov, the First... ... from the Russian market. Some companies, according to Belousov, can continue their business activities in Russia and provide jobs for Russians. This is acceptable if the... ... fired employees faces the risk of getting in the list of companies, urgently driven to bankruptcy. According to Belousov, maintaining the level of employment of citizens and...

Special operation in Ukraine may drive Russian tour operators to bankruptcy

Special operation, which became the basis for the introduction of numerous sanctions by the Western countries, brings the risks of ruining many tour operators from Russia. This opinion is expressed by ... ... 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 ...

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 from a survey in which more than 40,000 German entrepreneurs took part. Among them, only two percent indicated that they were provided with energy purchases for...

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