Germany's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

More businesses founded than failed in 2009

Share this article

More businesses founded than failed in 2009
Photo: DPA
08:36 CET+01:00
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.

Jobs in Germany
Get notified about breaking news on The Local

Share this article



The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.