Berlin has the highest insolvency rate in Germany (symbol photo) Photo: Christian Lohse
By Carlos Contreras and BZ/dpa
Berlin, capital of bankruptcies! In a comparison of the federal states, most company insolvencies were determined here in the first half of the year. Brandenburg, on the other hand, is doing pretty well!
Berlin’s economy continues to suffer from a slump in orders. The increased prices for energy and material are the main reasons for this. Added to this are the significantly higher interest rates.
According to the credit agency Creditreform, there were a total of 103 insolvencies per 10,000 companies in the capital. This means that Berlin has the highest quota in all of Germany until June! More detailed information on age or industry structure in the individual federal states is not available.
Brandenburg is doing well
Brandenburg and Mecklenburg-Western Pomerania, on the other hand, come off best with only 35 bankrupt companies each. Nationwide, the average insolvency rate is 56. The information service counts 8,400 companies that have filed for bankruptcy – 16.2 percent more than in the same period last year. The last time there was such a high increase was in 2002.
Another reason: the consumer’s mood to buy is noticeably declining as a result of inflation – with dire consequences for companies.
Head of research Patrik-Ludwig Hantzsch: “For many companies, the generously distributed state funds of the past are now becoming a boomerang.” This is leading to a financial and economic dead end.