Erfurt/Frankfurt (dpa/th) – Despite an increase in company bankruptcies this year, Thuringia is still one of the federal states with the lowest rate of corporate insolvencies. According to data from the credit agency Creditreform presented on Tuesday, there have been 36 insolvencies for every 10,000 companies since the beginning of the year. The rate was lower only in Bavaria (35), while Baden-Württemberg (36) was level with Thuringia. Last year, 32 bankruptcies per 10,000 companies were recorded in Thuringia.
For the first time since the global financial crisis in 2009, Creditreform noticed an increase in company bankruptcies nationwide. “Persistent inflation, rising interest rates and energy costs as well as an increasingly tough competitive situation are affecting the substance of many companies,” said Patrik Ludwig Hantzsch, Head of Creditreform Economic Research. There were a total of 14,700 corporate insolvencies this year – 570 or 4.0 percent more than in 2021. An estimated 175,000 employees were directly affected this year – 34,000 more than in 2021.
