WE PUBLISH HOT STORIES AVOIDED BY THE PRESS. WE NEED FINANCIAL SUPPORT. IF YOU WON’T HELP WE CLOSE Please contact Michael Walsh for easy transfer details keyboardcosmetics@gmail.com

Insolvencies reported in Belgium and France jumped by 44 percent and 50 percent, respectively. Sweden records the highest number of bankruptcies in ten years.

In Sweden, the number of companies that have filed for bankruptcy has reached the highest figure in 10 years. Reportedly, in February, the number of bankrupt enterprises increased by 20% compared with the previous year.

The number of bankruptcies across the European Union rose to record levels in the fourth quarter of last year, as soaring energy bills and high inflation led to insolvency for thousands of businesses.

A report published last month by Eurostat revealed bankruptcies throughout the bloc increased by 26.8 percent compared with the previous quarter, reaching the highest level on record.

Bankruptcies increased in all four quarters of last year, while registrations of new businesses decreased slightly by 0.2 percent in Q4 compared to Q3 in 2022. New business registrations, however, remained high, surpassing figures recorded before the Covid-19 pandemic.

Bankruptcies rose in all sectors, but companies in the transportation and storage industries, as well as accommodation and food service sectors, performed particularly poorly, with insolvency petitions rising by 72.2 percent and 39.4 percent, respectively.

Health and social activities businesses also recorded an increase in bankruptcies of 29.5 percent.

Bankruptcies in France jumped by 50 percent in total, while the number of small and medium-sized businesses (SMEs) filing soared by 78 percent last year, with more than 30 percent of these filing in Q4, according to Altares, a commercial data company in France.

Bankruptcies in Belgium were also particularly noticeable, with a 44 percent annual rise, while in Brussels, 1 in 101 businesses filed for insolvency last year.

BusinessEurope’s Director General Markus J. Beyrer called the increase ‘alarming.’

‘It is the highest rate of bankruptcies in the EU since data on these started to be collected. The air to breathe is becoming increasingly tight, especially for small and medium-sized enterprises. Many bankruptcies have been artificially postponed due to government support measures in the wake of the coronavirus pandemic; these are now coming to an end.’

He added the reason behind the trend was three-fold: high energy costs, high material and production costs, and rising labor costs.

‘When government support becomes weaker and wages and financing costs climb, the companies that are struggling for survival will find it a mission impossible,’ added Ludovic Subran, chief economist of Allianz.

Please share this story on social media:

Donate: It is the generosity of our supporters and members that makes our vital work possible. As the storm clouds of crisis and the pain of injustice and persecution loom over our people, the potential and importance of our work grows day-by-day. There is no George Soros figure out there for nationalists, so we can only do what good people like you help us to do. Thank you for your faith and your generous commitment: contact Michael Walsh euroman_uk@yahoo.co.uk

MIKE WALSH is a journalist, broadcaster and the author of LIFE IN THE REICH, MY LAST TESTAMENT – LET GOD JUDGE ME, HEROES HANG WHEN TRAITORS TRIUMPH, and other book titles. These best-selling books are essential for the libraries of informed readers.

MY LAST TESTAMENT—LET GOD JUDGE ME

LIFE IN THE REICH

HEROES HANG WHEN TRAITORS TRIUMPH: MARTYRS OF WORLD WAR II

We are in debt to our donors who finance the distribution of spin-free real news and fearlessly expressed views.

BUY FROM AUTHOR

MEGACAUST Michael Walsh. R. J. Rummel, Power Kills: Genocide and Mass Murder (Journal of Peace Research) 164 million people have been killed in cold blood this century by Capitalist / Communist governments.

SLAUGHTER OF A DYNASTY Michael Walsh. Covertly sponsored by Wall Street banks and the White House Bolsheviks seized Tsarist Russia (regime change). For 36 years news of Bolshevik atrocities and 70 million martyred Christians were censored by Western media. Lavishly illustrated, this expose reveals secrets removed from Western history books.

When ordering the book contact Michael Walsh by email euroman_uk@yahoo.co.uk to receive your signed copy.

New stories every day!

EUROPE RENAISSANCE

https://europerenaissance.com/