Tags: EU | Germany | Economy

German Bankruptcies Rose 15.5 Percent in December

Tuesday, 09 Mar 2010 06:52 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

New data show that German corporate bankruptcies were up 15.5 percent on the year in December amid the fallout from the economic crisis.

The Federal Statistical Office said Tuesday that 2,583 companies filed for bankruptcy protection in the last month of 2009.

It says corporate bankruptcies increased 11.6 percent for 2009 as a whole over the previous year. A total of 32,687 bankruptcy filings were registered.

The office says that marked the first time since 2003 that the number of filings was above the previous year's.

Germany's economy — Europe's biggest — returned to modest growth last year after a sharp recession, but stagnated in the fourth quarter.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Sen. Leahy Urges Comcast to Extend Net Neutrality Pledge

Tuesday, 21 Oct 2014 12:40 PM

Vermont Sen. Patrick Leahy, the chairman of the Judiciary Committee, has called on Comcast to extend its net neutrality  . . .

Paralyzed Man Walks After Cells for Smelling Placed in Spine

Tuesday, 21 Oct 2014 12:32 PM

A man paralyzed from the chest down in a knife attack is walking again after undergoing surgery using cells responsible  . . .

Apple Sees Another IPhone-Fueled Record for Holiday Sales

Tuesday, 21 Oct 2014 06:13 AM

Tim Cook is getting the end-of-year shopping season down to a science.
Apple Inc.'s chief executive officer yesterd . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved