Business: More new company formations in the first half-year
Despite the economic downturn, more and more Germans are becoming founders. In Germany, more companies were started in the first half-year than were closed.
In Germany, 69,600 companies were founded in the first half of the year, a 3.0% increase from the previous year, according to the Statistische Bundesamt. The total number of new businesses, including takeovers and relocations, was around 352,400, up 8.3% from the same period last year. The number of complete business closures fell by 3.8% to around 49,800, while the total number of business closures, including takeovers and relocations, was around 246,600, down 0.1% from the previous year. In May, 1,995 company insolvencies were registered, a 2.0% decrease from the same month last year.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
