Nearly 200,000 Businesses Shut Down in This Country Last Year

The number of business closures reaches a ten-year high. Politics tries to counter.

In 2024, as many as 196,100 companies ceased operations in Germany, which is 16 percent more than the year before and the highest number of company closures since 2011, the Creditreform agency and the ZEW Institute for Economic Research reported on Wednesday. "The number of company closures is alarming in all economic sectors," said Patrik-Ludwig Hantzsch from Creditreform, adding that in addition to industrial problems, high energy costs in pro…

Nearly 200,000 businesses shut down in this country last year

In 2024, as many as 196,100 companies ceased operations in Germany, which is 16 percent more than the previous year and the highest number of company closures since 2011, Creditreform and the ZEW Institute for Economic Research reported on Wednesday. 'The number of company closures is alarming in all economic sectors,' said Patrik-Ludwig Hantzsch from Creditreform, adding that in addition to industrial problems, high energy costs in production a…

More and more entrepreneurs in Germany are giving up—not because they want to, but because they have to. In 2024, the number of business closures reached a record high. In addition to high costs, the lack of successors is putting many businesses out of business.

NEUSS/MANNHEIM. Lack of successors and other problems: More and more companies in Germany are throwing the towel. Last year, the number of company closures was 196,100 – 16 percent more than in 2023, as reported by Creditreform, based in Neuss, Germany, and the Center for European Economic Research (ZEW), based in Mannheim. [...]

Build a company successfully and at the end of your working life just turn out the light and handle the company? A gloomy scenario, which unfortunately is often a reality.