Insolvencies up by 19% in January – Euler Hermes

As many as 82 companies became insolvent in January, which is 19 percent y/y increase, Euler Hermes said. Euler Hermes points out that the main problem companies have of extending payment terms is the lack of a cushion caused by low margins. The largest increases were recorded year-on-year in wholesale (125 percent increase) the production…

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