More businesses go broke in Germany and Austria
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Many bakeries in Germany go broke. The number grows by 40 percent. Customers buy bread in the shop. Shops sell bread for a low price. Small bakeries have high costs for power. Small bakeries have high costs for flour. The number of bakeries falls in 10 years.
The situation in Austria is mixed. The number of open cases falls a bit. But many firms have no money left. These firms are too poor for an insolvency. The number of failures grows every year. Experts expect over 7,300 cases in 2026. The construction sector has big problems. The trade sector has big problems too.
People also report an insolvency more often. Big property firms cause these problems. The situation is hard in Carinthia. The situation is hard in Styria. More firms go broke there than elsewhere. Many jobs are at risk now. The economy needs more growth for a better future.
The situation in Austria is mixed. The number of open cases falls a bit. But many firms have no money left. These firms are too poor for an insolvency. The number of failures grows every year. Experts expect over 7,300 cases in 2026. The construction sector has big problems. The trade sector has big problems too.
People also report an insolvency more often. Big property firms cause these problems. The situation is hard in Carinthia. The situation is hard in Styria. More firms go broke there than elsewhere. Many jobs are at risk now. The economy needs more growth for a better future.
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Definitions
- Insolvency
- An insolvency means a person or a firm cannot pay bills. People also say someone goes broke.
People
- Rene Benko
- Rene Benko is a businessman from Austria. His firm is now broke.
Locations
- Austria
- Austria is a country in Europe. It is a neighbor of Germany.
- Styria
- Styria is a state in the south of Austria.
- Carinthia
- Carinthia is the most southern state of Austria.
Sources
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