The number of domestic bankruptcies rose for the first time since 2009. Hamburg finish third from bottom. In particular, large insolvencies are on the rise.
Hamburg – The many overlapping crises have slipped Hamburg into third from last place in the national comparison for corporate insolvencies. Only the other two city-states of Berlin and Bremen did worse this year, credit agency Creditreform announced on Tuesday.
According to this, there were 62 bankruptcies per 10,000 companies in Hamburg this year, 86 in Berlin and 82 in Bremen. According to information, a year ago Hamburg was still on par with Saarland with 57 bankruptcies per 10,000 companies behind Bremen, Berlin and North Rhine-Westphalia. The Free State of Bavaria had the least insolvencies this year with 35 per 10,000 companies, last year it was Brandenburg with 29 bankruptcies.
| First name. | Free and Hanseatic City of Hamburg |
| Surface: | 755 km² |
| Population: | about 1.9 million |
| First Mayor: | Peter Tschentscher (SPD, 2017) |
First nationwide increase in business insolvencies since 2009
For the first time since the 2009 global financial crisis, Creditreform has seen a rise in corporate bankruptcies nationwide. “Persistent inflation, rising interest rates and energy costs and an increasingly difficult competitive situation are affecting the substance of many companies,” said Patrik Ludwig Hantzsch, head of economic research at Creditreform. There were a total of 14,700 business insolvencies this year, 570 or 4.0% more than in 2021. An estimated 175,000 employees were directly affected this year, 34,000 more than in 2021.
Bankruptcies of companies in the North: large bankruptcies in particular have increased
According to information, major insolvencies in particular have increased, in particular the recent insolvency of Europe’s largest department store group Galeria Karstadt Kaufhof with its approximately 17,000 employees. But two large Hamburg companies also had to file for bankruptcy, firstly the shoe retailer Görtz with 1,800 employees, and secondly the office supply retailer OfficeCentre GmbH with its German chain of stores Staples and 900 employees. In the north-east there are the MV shipyards with 2,300 employees. (with DPA material)
