According to a report by the German news agency on December 16, the German credit rating agency "Crediting Reform" stated on the 16th that the number of bankrupt companies in Germany has increased by 25% this year. The background is that companies are struggling to cope with rising Energy prices, a sluggish economy, and the aftermath of the COVID-19 pandemic. The credit rating agency indicated that without any signs of improvement, the number of bankrupt companies in Germany is expected to reach record levels by 2025. Bernd Bito, Managing Director of "Crediting Reform," stated: "The surge in bankrupt companies is evolving into a wave, and this situation will continue in 2025." The credit rating agency estimates that a total of 22,400 German companies will declare bankruptcy throughout 2024, up from 17,814 the previous year. (Reference News)