Insolvencies in Germany rise as economy stagnates: Destatis

BERLIN, Sept. 13 (Xinhua) -- In August, the number of company insolvencies in Germany increased by 13.8 percent year-on-year as the country's economy has entered a phase of stagnation, the Federal Statistical Office (Destatis) said on Wednesday citing provisional figures.

In the first half of 2023, Europe's largest economy registered 20.5 percent more insolvencies than in the same period a year earlier, accordin