German businesses sound alarm over record bankruptcies
The number of bankruptcies in Germany is alarmingly high and continues to grow, the country’s Chamber of Commerce and Industry (DIHK), has warned. It urged Berlin on Monday to take urgent measures to remedy the situation and tackle high energy prices.
The statement came as the government statistical office published new figures on bankruptcy requests dating back to October 2025. According to its data, the number of corporate requests grew by almost 5% year-on-year and reached 2,108 at the time.
The transport and storage sectors were the most affected, the statistical office said, adding that hospitality and construction suffered as well. The number of people who filed for bankruptcy grew by 7.6% year-on-year and reached 6,709, according to the office’s data.
According to the DIHK, the nation experienced the highest number of bankruptcy cases in 11 years. The association said it expects the total number of corporate bankruptcies to surpass 23,000 in 2025, listing energy prices, bureaucracy, and taxes as the key factors behind the trend.
The DIHK went on to accuse the government of not doing enough to address the issue. “There is no shortage of political papers with good proposals – much is written, but far too little is implemented,” it said in a statement on Monday.
The German economy was dealt a major blow when the country took part in the Western sanctions on Russia in 2022. Before the escalation of the Ukraine conflict, Germany relied on Russia for 55% of its natural gas. Russian oil giant Rosneft’s operations also accounted for around 12% of the nation’s total oil-processing capacity, according to Bloomberg.
The decision to abandon cheap Russian energy imports played a major role in slowing down the economy, which contracted in 2023 and 2024 – the first back-to-back annual drop since the early 2000s. Bild reported in October 2025 that electricity and gas went up by 14% and 74% respectively from 2022 to 2025.
