Bankruptcy of German industry giant: next traditional company goes bankrupt. Experts expect high numbers of insolvencies to continue in 2024 before the situation stabilizes again.
Due to consumer restraint due to inflation, more and more retail companies are being hit by the wave of bankruptcies. In order to stabilize the country's economy and help companies, the federal government wants to present a new plan in the summer. Last week the Growth Opportunities Act was also passed, which primarily provides tax relief for companies.