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Wiesbaden, Germany — There were 18.1% more insolvency applications in Germany in February 2024 compared to February 2023.

Increase in company insolvencies in 2023 from 2022 but lower than 2019 pre-COVID levels. 0.7% rise in consumer insolvencies in 2023 from 2022.

Insolvency statistics reflect business closures due to insolvency proceedings, not other reasons.

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By Silvia Orfeo

Silvia Orfeo is a Sr. Politics and Economics Reporter at Nobot.News

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