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91% OF GERMAN BREWERS ARE CONCERNED ABOUT BANKRUPTCY

... 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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