Berlin, Feb 17 (IANS): The number of insolvencies in Germany rose 26.2 per cent year-on-year in January amid a weak economy, preliminary figures published by the Federal Statistical Office (Destatis) show on Friday.
Double-digit year-on-year growth rates have thus been observed consistently since June 2023. In the first 11 months of last year, the number of corporate insolvencies rose by 23.2 per cent, Destatis was quoted as saying by Xinhua news agency.
“We see a significant increase in corporate insolvencies, but still on the basis of a historically low starting point,” Christoph Niering, insolvency administrator and chairman of the Registered Association of Insolvency Administrators (VID), said on Friday.
High-interest rates were “p…
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