Business bankruptcies to continue to rise for the time being, association says
1 month, 2 weeks ago

Business bankruptcies to continue to rise for the time being, association says

NL Times  

Erik Ziengs, the chairman of Ondernemend Nederland, which is an independent association for businesses in the Netherlands, is expecting more bankruptcies of trade companies and catering businesses to follow the current wave. Ziengs thinks that many companies are struggling to survive financially due to debts incurred during the coronavirus pandemic. Retail specialist Paul Moers also fears more retail groups getting into trouble financially in the future. Moers also points to the high debts from the pandemic and "explosively rising costs" as the cause of the financial problems.

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