German corporate insolvencies surge to 20-year high
Corporate insolvencies in Germany jumped 15.2% year-on-year in December, according to preliminary data released Monday by the Federal Statistical Office (Destatis). Final figures showed that corporate insolvencies rose 4.8% annually in October to 2,108 cases, News.Az reports, citing foreign media. The transportation and warehousing sector recorded the highest insolvency rate in October, with 12.73 bankruptcies…

