Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Araghchi: We have always supported Lebanon's sovereignty and territorial integrity at all times, we still do in these difficult circumstances.
Iranian Foreign Minister Abbas Araghchi from Beirut: Lebanon's independence and territorial integrity are of great importance to Iran, we support it against occupation.
Israeli army admits 3 soldiers of rank of Staff Sergeant were killed, 2 others injured in northern Gaza.
Occupied Palestine: Palestinian media: Martyrs and injuries as a result of the Israeli occupation firing on displaced people while they were waiting for aid west of Rafah.
Al Mayadeen's correspondent in occupied Palestine: 3 martyrs, including a child, as a result of Israeli occupation forces bombing displaced persons' tents in Deir al-Balah in the central Gaza Strip.
Israeli media: Yedioth Ahronoth: Concern in "Israel" over changes within the US administration in recent days.
Al-Qassam Brigades says its fighters are engaging in fierce clashes with the occupation forces, killing and wounding soldiers east of Jabalia camp.
Israeli media platforms are circulating preliminary reports about a multi-causalty ambush in Jabalia camp, Gaza.
Al Mayadeen's correspondent: 35 martyrs, 75 injured in occupation targeting of civilians seeking food aid in Rafah, Khan Younis, southern Gaza.
Da Silva: What is happening in Gaza is not a war, it is a genocide

Denmark hits record low point with 331 bankruptcies filed in November

  • By Al Mayadeen English
  • Source: Agencies
  • 6 Dec 2022 13:45
  • 2 Shares
3 Min Read

A total of 331 companies filed for bankruptcy in Denmark in November, the highest number in 13 years, according to a new report.

  • x
  • Denmark Braces for Record Number of Bankruptcies As Inflation, Energy
    Denmark braces for a record number of bankruptcies.

A report published by SMVdanmark said that in the month of November, Denmark witnessed the highest number of bankruptcies filed in 13 years, with a total of 331 companies filing for insolvency amid the current inflation and energy crisis sweeping across Europe. 

According to the agency, which represents 18,000 small and medium-sized enterprises across the country, companies have since the start of the summer been "hit hard by high inflation, soaring energy bills and, not least, fears about the future of the economy, which have sent consumers' appetite for buying into a tailspin." 

The report adds that several businesses were already suffering from Covid-19-related restrictions prior to the current crisis settling in.

"Never in the history of statistics have we seen so many bankruptcies among businesses with employees. This means that the crisis is hitting real businesses with turnover and employees", said SMVdanmark analyst Lasse Lundqvist in a statement.

Among the hardest hit industries are construction and retail industries, with construction companies alone accounting for more than half of reported bankruptcies in November.

“Unfortunately we will see even more bankruptcies in the coming months," Lundqvist concluded. He envisaged “rising unemployment” and “sad pedestrian streets” as many shops will have to close down.

Read more: Iran summons Danish ambassador over attack on Iran embassy in Denmark

Related News

US corporate bankruptcies hit 14-year high amid inflation, weak demand

US trucking giant Yellow Corp. fails to pay debts, goes bankrupt

Survey results among Denmark's largest banks reveal that six out of seven expect more customers to apply for loans in a bid to secure enough money for the coming winter. 

Moreover, several companies are still struggling to repay their Covid-19 loans. 

Statistics Denmark states that the country has been experiencing a sharp rise in consumer prices since November 1982.

Just two months ago, in October, inflation was recorded at 10.1%.

Overall, soaring energy prices are identified as the main culprit for inflation. 

Despite that Denmark is estimated to be highly advanced in renewable energy sources, which include wind and solar energy that provide more than 50% of the country's electricity consumption, Denmark was not spared by the crisis that engulfed Europe as a result of the EU's reckless decision to sanction Russia.

Just like most of the other countries in the bloc, Denmark has encouraged its citizens to save up on energy and limit the use of hot water and electricity.

Read more: Poverty on the rise in Sweden amid inflation, energy crisis

  • Bankruptcy
  • Energy crisis
  • Denmark

Most Read

Lebanon's PM Nawaf Salam meets with US envoy Morgan Ortagus in Beirut on April 5, 2025 (Dalati Nohra via AP)AP)

Morgan Ortagus to exit US role in Lebanon amid policy shift

  • Politics
  • 1 Jun 2025
An Israeli army vehicle moves in the Gaza Strip as seen from southern occupied Palestine, Thursday, May 29, 2025 (AP)

Hamas rejects Witkoff ceasefire plan, says alters terms

  • Politics
  • 29 May 2025
Spokesperson for the Yemeni Armed Forces, Brigadier General Yahya Saree, announces a new operation against Ben Gurion Airport on May 29, 2025 (Yemeni Military Media)

Yemen announces successful hypersonic missile strike on Ben Gurion

  • Politics
  • 30 May 2025
It may well be due to the longstanding relationship between MI6 and HTS, via Inter Mediate, that Britain was the first Western country to recognise their assumption of government in Syria. (Al Mayadeen English; Illustrated by Zeinab El-Hajj)

How MI6 helped HTS seize Syria

  • Opinion
  • 31 May 2025

Coverage

All
War on Gaza

Read Next

All
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu arrive for a news conference in the East Room of the White House, Feb. 4, 2025, in Washington. (AP)
Politics

US reshuffle of pro-'Israel' officials alarms occupation

Palestinians mourn over the body of Reem Al-Akhras who was killed while heading to a Gaza aid hub, during her funeral at the Nasser Hospital in Khan Younis, southern Gaza Strip, Tuesday, June 3, 2025. (AP)
Politics

'Israel' losing European support as it intensifies Gaza war: Bloomberg

Vice President JD Vance arrives to speak at the U.S. military's Pituffik Space Base in Greenland, Friday, March 28, 2025 (AP)
Politics

Pentagon plans to add Greenland to its Northern Command Zone

Protesters wave Palestinian flags outside the Israeli embassy, during a demonstration in support of Palestinians in Gaza, in Athens, Greece, Saturday, May 31, 2025 (AP)
Politics

European public support for 'Israel' reaches record-low: YouGov

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS