More businesses founded than failed in 2009

DDP/The Local
DDP/The Local - [email protected] • 4 Jan, 2010 Updated Mon 4 Jan 2010 08:36 CEST
image alt text

Despite suffering the worst economic crisis since World War II, more businesses were founded in Germany in 2009 than shuttered, according to a study cited in daily Rheinische Post on Monday.

The Bonn-based IfM, an institute for research on small and mid-sized businesses, found that some 410,000 firms were established last year. Meanwhile the number of insolvencies was 397,000 – a difference of 13,000.

In particular, small industrial companies employing up to 20 workers were most successful at overcoming the economic downturn, IfM President Johann Eekhoff told the paper.

According to a recent poll of some 1,500 mid-sized businesses, one-third expect the economy to recovery and await an increase in orders by autumn of 2010 at the latest, the report added.

More

Comments

DDP/The Local 2010/01/04 08:36

Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also