THE HAGUE, April 11 (Xinhua) — The quantity of bankruptcies within the Netherlands rose for the second month in a row in March, the Dutch Chamber of Commerce (KvK) reported in its Trend Report Business for March 2022.
According to calculations by the KvK, the quantity of bankruptcies was 160 in March, which was 22 p.c greater than in March 2021. In February, the quantity of bankruptcies was 17 p.c larger than in February final yr.
During the coronavirus pandemic, the quantity of bankruptcies fell sharply, with, as an illustration, just one,536 corporations going bankrupt in 2021, the bottom quantity since 1990. This was primarily as a result of pandemic help measures taken by the federal government and likewise the deferral of tax fee.
As a end result, corporations which may have gone bankrupt in a standard time have been capable of survive. Now, with the help measures being stopped this month and inflation and power costs rising, the quantity of bankruptcies goes up.
