Germany: Corporate Bankruptcies Jump to Highest Level in 11 Years

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Shafaq News – Berlin: Business bankruptcies in Germany reached their highest level in eleven years during the first three quarters of this year. A survey conducted by the German Chamber of Industry and Commerce revealed that nearly a third of companies with fewer than 20 employees fear their business situation will deteriorate. These companies represent approximately 85% of all businesses in the country. The Federal Statistical Office announced …