Tags: EU | Germany | Economy

German Bankruptcies Rose 15.5 Percent in December

Tuesday, 09 Mar 2010 06:52 AM

 

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 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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

Bill Gates: We Should Worry About 'Artificial Intelligence'

Thursday, 29 Jan 2015 17:29 PM

Computer mogul and philanthropist Bill Gates has joined fellow "brainiacs" Stephen Hawking and Tesla Motors Founder Elon . . .

Obama Proposal on Internet Privacy Faces GOP Opposition

Thursday, 29 Jan 2015 16:16 PM

A White House proposal aimed at overhauling what Internet companies like Google and Facebook should do with consumer dat . . .

Study: Chances of Dying in a Car Crash Plunged Over 3 Years

Thursday, 29 Jan 2015 10:08 AM

Safety researchers say the chances of dying in a crash in a late-model car or light truck fell by more than a third over . . .

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