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Companies of what industries were more likely to go bankrupt in 2021?

... number of bankruptcies in 2021 exceeded the same indicator in 2020 by 3.4%. At the same time, in 2020, there was a government moratorium on initiating insolvency proceedings for companies of industries that were the most affected by the coronavirus pandemic. Experts attribute relatively low increase in the number of bankruptcies to the increased level of income of companies compared to 2020. In the first nine months of 2021 alone, almost 3 times more was earned than in the same period of 2020. However,...

THE NUMBER OF INDIVIDUAL BANKRUPTCIES IN RUSSIA GREW BY 71%

... is almost 71% more than the same period last year. The Ministry of Economic Development stated that the reason for the dynamics could be not only economic factors, but also an increase in the knowledge of citizens about the procedures associated with bankruptcy. The growth in the number of bankruptcies was influenced by the fact that due to the pandemic, those industries where a significant part of individual entrepreneurs and self-employed are employed were under attack, say the experts. First of all, these include the spheres of tourism, retail trade and various services. Earlier, the head ...

EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

... level in the last decade. According to experts from the American law firm Polsinelli, which have compiled the corresponding bankruptcy index, this trend will continue in 2021. At the same time, newly elected President Biden offered to provide additional assistance to American companies to combat the consequences of the pandemic in the amount of $ 1.9 trillion. At the same time, 900 thousand American citizens were included in unemployment statistics last week. In Europe, the evidence over what strategies should be adopted to protect workers in enterprises without ...

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