Number of bankruptcies rose sharply in the first half of the year
The number of bankruptcies in the Netherlands rose sharply in the first half of the year, faillissementsdossier.nl reports. According to the bankruptcy-focused website, more businesses have collapsed, especially in the hospitality, retail, and industrial sectors. These occurrences are associated with inflation. As a result, businesses are spending more money on things like energy and buying products and they are nowhere near being able to recoup all of these costs through their customers.
Source: nltimes.nl