Germany is experiencing its highest rate of company bankruptcies since 2014, with Creditreform Economic Research projecting around 23,900 insolvencies by the end of 2025. The increase reflects an 8.3 percent rise compared with last year, continuing a trend that saw bankruptcies climb more than 22 percent in both 2022 and 2023.
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Furniture manufacturers, interior design firms, and smaller décor companies are among those hit hardest. Many medium-sized enterprises are heavily indebted and face challenges securing new loans, while micro-enterprises, often employing fewer than ten staff, account for over…