In Germany increased the number of bankruptcies at the end of last year by 12.3% compared to the results of 2022. This was reported by the newspaper Handelsblatt.
The Handelsblatt newspaper reported that in 2023, Germany recorded the number of bankruptcies in 2023 by 12.3 per cent more than in the same period in 2022. The source noted that the abnormal increase in the number of bankruptcies began to appear as early as October 2023.
The publication of the publication said the current difficult situation in the field of the German economy. In October 2023, there were 1,481 bankruptcy filings of organisations. Compared to the autumn of 2022, this figure increased by 19%.
The publication noted that in the period from January to October in 2023, a record number of corporate bankruptcies were registered, and their total number increased by 24.1 per cent to 14751 cases.
The reason for all the developments in the German economy, the newspaper noted, is high interest rates. The publication noted that experts in the field of economics suggest that the level of bankruptcies will not decrease.
Earlier, the Frankfurter Allgemeine Zeitung newspaper reported that the German opposition suggested that the authorities should send Ukrainian refugees back to Ukraine.