According to Focus, the number of bankrupt candidates in the country rose by 15.6% compared with March.
“High energy costs, existing supply chain problems and inflation pose challenges for many companies,” Frank Schlein, Managing Director of Crif Germany, is quoted as saying.
According to him, consumers now prefer to save money, which could not but affect the financial position of the business.
In total, about 14.5 thousand companies are expected to file for bankruptcy in the country by the end of the year.
According to Bloomberg, half of Germany's largest companies have been forced to cut production due to the global economic crisis, which could lead to losses in the German economy in the amount of $85 billion a year.
Earlier, German Health Minister Karl Lauterbach did not rule out that some hospitals could close in the country due to rising inflation and the energy crisis.