• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home World

Dutch Bankruptcies Surge 43 Per Cent In 2024

OMMCOM NEWS by OMMCOM NEWS
August 12, 2024
in World

The Hague:  The Netherlands saw a sharp rise in company bankruptcies in the first seven months of 2024, up by 43 percent year-on-year, Statistics Netherlands (CBS) reported on Monday.

The increase is part of an upward trend that has persisted for over two years, CBS highlighted.

In July, bankruptcies reached 453, marking a 6 percent increase from June. The trade sector was particularly affected, with 108 companies going bankrupt.

Notably, the international fashion brand Esprit announced the closure of more than 10 of its Dutch stores in July, Xinhua news agency reported.

Nevertheless, experts have anticipated this trend of bankruptcies. A May report by Rabobank showed that more than half of Dutch entrepreneurs perceived a decline in the business environment over the past five years.

The bank predicted a bleak outlook for investment and the overall business climate in the Netherlands driven by macroeconomic pressures, with bankruptcies expected to keep rising through the end of 2024.

A record low of 109 bankruptcies in August 2021 was attributed to government support during the COVID-19 pandemic. However, the withdrawal of these measures in 2022 has left many Dutch companies struggling with rising costs and a slowing economy.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Area Sown Under Kharif Crop Increases To Over 979 Lakh Hectares

Next Post

Gujarat ACB Arrests Rajkot Fire Officer Over Bribe Charges

Related Posts

World

H-1B Visa Crackdown To Push US Firms To Shift Operations In India: Report

September 30, 2025
World

91 Online Govt Services Restored After Data Centre Fire In S. Korea

September 30, 2025
World

Trump Administration’s Response To Human Rights Concerns In China Muted: Report

September 30, 2025
World

Trump Says Gaza Deal ‘Settled,’ Threatens Tough Response If Hamas Refuses

September 30, 2025
World

South Korea’s Ex-President Snubs Special Counsel Summons Again In Martial Law Probe

September 30, 2025
World

South Korean President Lee, Japan’s Ishiba Agree To Cooperate On Shared Social Challenges

September 30, 2025
Next Post

Gujarat ACB Arrests Rajkot Fire Officer Over Bribe Charges

Raj Minister Rathore Rebukes ACP For Thrashing Army Commando At Jaipur Police Station

Retired RDA Secretary Gets 2 Yrs RI In Corruption Case

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.