Despite the pandemic putting pressure onthe Dutch economy, 2020 saw remarkably few Dutch businesses go bankrupt. A total of 2,703 companies were declared bankrupt last year, 16 percent less than in 2019 and the lowest number since 1991, Statistics Netherlands reported on Tuesday.
The stats office attributed the low number of bankruptcies to the coronavirus support measures the government put in place to help businesses survive the pandemic and its accompanying lockdowns. These support measures also stabilized companies that may have collapsed if there had been no pandemic and no support.
The number of bankruptcies decreased in most industries. In absolute numbers, the decrease was strongest in trade – the industry with the most business…
Read the full article at: https://nltimes.nl/2021/01/12/nl-sees-fewest-bankruptcies-since-1991-despite-pandemic
