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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 ...

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

... bankruptcy of companies within 3 to 6 months. Finance Minister Anton Siluanov called such a bankruptcy mechanism accelerated. In 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, it may be declared bankrupt, and then its property will be put up for auction and transferred to new owners. According to ...

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 ...

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