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Germany’s Destatis: Govt’s aid measures for companies amid coronavirus to prevent a rapid hike in insolvency applications

FX Street

Published date: 11 May. 2020 | 08:17

Government’s aid measures for companies during coronavirus pandemic are expected to prevent a rapid hike in insolvency applications, said Germany’s Federal Statistical Office (Destatis) in its latest report on Monday.

Key takeaways

German business insolvency -3.2% YoY in February.

Number of regular insolvency proceedings in Germany opened in March 2020 increased by 1.6% YoY.

Number of insolvency proceedings in Germany opened in April 2020 fell by 13.4% YoY.

more to come …

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