Insolvencies of large companies surging in Germany

BERLIN, July 9 (Xinhua) -- The number of insolvencies among large German companies surged 41 percent to 162 in the first half of 2024, according to an analysis by management consultancy Falkensteg published on Tuesday.

At the same time, the success rate of restructuring attempts by companies with liquidity issues that have a turnover of more than 10 million euros (10.8 million U.S. dollars) fell significantly,