Topic: 199,983 companies went bankrupt in Europe because of the energy crisis in 2022 - page 2. (Read 550 times)

Disposing nuclear waste is more cost efficient than disposing waste coming from coal-fired powerplants. There are several corporations that deal with disposal of nuclear waste. France went in the right direction, and as a result they are not facing any shortage of electricity as of now. On the other end of the spectrum, we have Japan, who closed down all their nuclear powerplants after the Fukushima nuclear disaster in 2011. Now electricity there is in short supply, and is much more expensive compared to the levels they had before the disaster.

On the one hand, they said in essence and then they took it and for some reason added stupidity about energy
I’ll clarify using the example of the city of Frankfurt am Main, the Meyans have friends living there, I talked with them. A classic large German city, residential areas with a huge number of private shops, cafes, etc. establishments.

And indeed, if we compare with 2018, for example, then many of these establishments have closed. This is true !
But, there are nuances ... These private "companies" were closed not by a surge in energy prices, but by a lack of buyers .... More precisely, a noticeable drop in consumer demand and purchasing opportunities during COVID19. This sector of business operates, locally, for a local group of buyers. And the physical cessation of the supply of products to shops / cafes / pubs + a ban on visiting = as a result gave a sharp and large decrease in the income of the owners of these "companies". At the same time, tax costs and business maintenance costs (rent, gas, electricity, water supply, ....) have not gone away. Those. the key reason is by no means electricity, especially since it has not risen in price much after the economic terrorism against the EU, which Russia arranged.
The reasons are much more banal, they are in the field of a sharp drop in the income of small / small businesses / companies ...

Energy crisis? Now that's a belly laugh, folks. We dug, we drilled, now the fun's over, and we're left holding an empty can. Makes you yearn for the days of clip-clopping horse carts, right?

Jokes aside, it's a big deal, no denying it. Here's a brain teaser - this crisis didn't pop up overnight. It's a masterpiece years, heck, decades in the making, thanks to sloppy energy policies and scarce green alternatives. We've been doing the fossil fuel shuffle, and now it's payback time.

We can blame Russia, talk about inflation, but the million-dollar question is, what are we doing to kick our addiction to old-school energy? Ever thought about nuclear? Or renewables? Are we pouring enough cash into these sectors?

If I recall correctly the opening of those coal power plants was a backup measure in case they went low in gas reserves and other kinds of energy inputs. On the other hand, the nuclear power is still a debate, France seems to accept Nuclear energy widely, resulting in them not having to deal as much as the energy crisis as other nations.

The problem is the nuclear waster with very long half life. It is a kind of waste that cannot be dealt with without thinking ahead thousands of years or even more.

As soon as fusion. Energy get developed further, those issues won't be an obstacle for reactors.

Europe brought this crisis on to themselves with their stupid policies. Nuclear energy is the cheapest and most environmentally friendly form of energy and for the last 1-2 decades the European governments have been trying to close down nuclear powerplants and replace them with energy from more polluting sources such as lignite and coal fired powerplants. And the joke is that Green Party is spearheading this campaign. The propaganda against nuclear energy has resulted in increased prices of electricity, closure of industries and more importantly, massive pollution to the environment.

I couldn't disagree, but I think modern western governments are more advanced in the "lying game" than anyone else.



You can do the same thing in the U.S, you can lie to someone who works from 8 to 5, take their tax money, and spend it in a war 7000 miles away from home, and they will still believe that an 18-year-old kid living on a mountain is an existential threat to their country.

Of course, this is pretty universal, the Chinese do the same thing, African governments do the same thing, it's very important to realize that ALL governments manipulate their own people, by not realizing that and thinking that all governments are lying except yours -- it would only prove that you have had a successful brainwash.

Since the beginning of the energy crisis, I knew that we were going to see some businesses going down to their closure in Europe. But I first assumed that those companies were going to have something to do with the importation and refining of natural gas.

Nonetheless, after giving a look to the massive increase of the electricity in Europe, specially during the coldest days of last Winter. I would not be surprised if those companies had nothing to do with energy and yet could not pay their operative costs, and electricity bill.   

It is sad when people who have no say on political matters, gets affected this way.

This is a classic example of what disaster can happen when you follow the footprint of US who claims to be the boss of the world. Ask youself a question first -

Will any country allow it's biggest enemy to have undisrupted access to their border?

The answer is no!

In terms of the world GDP, Ukraine contributes only 0.3%. So it's not a very important country in terms of international trade. Why would US want them to be a part of NATO? Ask youself this question.

Now when Russia attacked Ukraine to stop them from joining NATO, US imposed a lot of sanctions on Russia. European countries followed the same pattern without thinking that they are highly dependent on Russian gas and oil. The result is in front of you. US successfully managed to bring down entire European economy so that Euro doesn't challenge Dollars dominance.

No doubt, they operate in small local town, also defraud strictly gullible investors from the small town they located, if they still have the audacity after they defraud all people and goes broke, they would soon create yet another new business to defraud new gullible investors again from the town, or they may want to move to a new town, or they could still defraud on the same town again by changing to new company name and new face to the executives, to make the company feel different and more trustworthy again. plenty of fraud and tricks they can come up with, they would never stop, they have no fear to the sin they commited, as shameless as most of the crypto companies.

A question - and where the author of a topic got to? Why such silence? Not a single answer to the evidence of his deliberate lies?
It seems that he is frantically looking for a new article, which he will try to turn inside out and "prove to everyone that he is right"

I just remember his wonderful post, full of "pride" for Iran, and "cowardice of the American Navy." The situation is exactly the same - he took a certain fact, attributed to him something that he really wants but will never be - and voila, "victorious news is on the air"! The author is filled with "pride" for his "great country", "the enemy is humiliated and insulted"

Let me remind you very briefly:
The fact is that one of the tankers transporting oil for some company from the United States, violating the rules of navigation, created an accident where people died on the other ship. As expected, he was detained by Iranian troops.
In the presentation of the "lover of the truth" pooya87: Iran wanted to spit on the United States, and imposed its sanctions and seized an American tanker full of oil, and the 6th US fleet cowardly stood aside and was afraid to release its tanker, which was calmly captured by cool Rambos from the Iranian army ...

 

For sure these small companies are majorly the ones vulnerable to such situations as their income are very miniut compared to the bigger companies who roll in profit in millions and hundreds of thousands on daily basis.  I do not need any sooth Sayer to confirm that these companies are the ones to suffer from the outcome of energy spikes.

They would have their staff to pay, tax to pay and other maintenance and running cost so as to sustain their existence with the little profit they take in and it happens that there is all of a suden a hike in energy price in the country, I do not think they would be able to withstand it as most of them would need energy in running their various businesses and in a situation where they can not meet up with the energy bill to pay for coupled with the low profit they rake in, it will be obvious for them to continue and in that situation they would have no choice than folding up.

There are a ton of family-owned businesses and also really small-time companies that operate within a very small region, like a local town or county, and thus only serve that place. Most of these companies have balance sheets that are vulnerable to energy spikes so I would not be surprised if it was these companies that constituted a majority percentage of those that have gone bankrupt.

of the 199,983 companies, I doubt 100% of them you never heard of its name and you doubt they ever produce anything you consume in your life, many of this companies just have the name and have no actual products, their sole purpose of existing is just to seek quick money from IPO, or other private fund raising, to defrauding gullible investors generally, anyway it would bring nothing of values to anyone, may be bank who provide loan to them would be in trouble. I did say we did good by weeding out all of this good for nothing bad actor companies, nobody would be arrested for the fraud but it is still good to finally kick them out of existence. btw there is still 37,194,791,749 that is out of the wild and defrauding people everyday.

This is a classic approach, or the concept of the Russian world - lie always, lie everywhere, lie with or without reason! The main thing is to lie! To lie in order to create the appearance of "a happy life in Russia", and to create the appearance of "total problems" for everyone who does not support Russia. And for different categories - different technologies:
- for the local population in Russia, you can give out any nonsense in the media at all, even about flying into the sun and installing the largest flag in the galaxy on the stars on the sun! And they will be worn with this "fact" all their lives
- for people with brains - a little more difficult. An event is taken, and ... modified with a lie. Purpose: "bring a real fact, that's even an article, and a headline, and even a Western one." Actually, what we observed on this lovers of the ideas of the "Russian world"

I just love this topic now, pretty surprised that nobody went just for the title and everyone took their time to read what the actual numbers mean, the propaganda backfired like it was supposed to be.

Now fast forward to your question in Europe (I exclude the UK since I'm not familiar with them) we have the things, insolvency, and bankruptcy, much like the US but with the difference that once applied to companies, not LLC or personal enterprises bankruptcy is the final step, a company entering bankruptcy after going through restructuring and unable to pay its debts, insolvent, will get shut down as it has no way out of its debt, it happens usually if in 1-3 years after declaring insolvency it still going through losses.

This thing, again, shows why that stupid title is so misleading, as a company facing problems with the 2022 energy crisis (now gone!) would have just sought protection and wouldn't have declared bankruptcy the same year, it simply couldn't have happened.


That's what restructuring or insolvency is here, the moment we hit bankruptcy it means the end of it and the court orders the sale of assets.
It doesn't apply to entrepreneurs or LLC!


What the refusal of a green card does to people, really sad, isn't it?


Just get over it, your propaganda ended like Soleimani, kotlet!
Nobody is buying your alarmist and apocalyptic shit anymore!

But for example, North Korea is the center of stability! No bankruptcies. Nothing happens, everything is stable .. Because .. NOTHING IS HAPPENING The same stability was in the USSR - a consistently low standard of living, a stable low quality of work, a consistently low quality of products and services produced, a consistently low education, which means a consistently low science, medicine, technology...
But on television and radio - STABLE regular lies - about achievements, about the joy of life, about the fact that the whole world envy us, .... STABLE!

Such stability is like a person in a complete coma - he won't burn his finger when he cooks a barbecue, he won't swallow water when he's diving, he won't get grass on his jeans while running across a green field, he won't hit his toe while playing with his a child in his apartment .. EVERYTHING is stable and good for him ... but he is in a coma

I wonder if Handelsblatt newspaper received similar weird reactions from trolls when they published the same exact thing I posted here. Or is the reactions like this because I posted it... hmm...

I always publish the source of the data I post. If you have a hard time believing them, you should either dispute the numbers or take it up with the source. For example the part about 30% bankruptcies the troll doesn't like to mention is the source which was Siegfried Russwurm, head of the Federation of German Industries BDI in an interview on German TV.

It depends on which country you look at. For example the number of bankruptcies in UK is between 25 to 30% higher than previous years specifically years before pandemic. Or in countries in Central or Eastern Europe, like Hungary where the numbers grew significantly more compared to 2018-2019 (a 11x increase from 3700 to 41500).
Or in Turkey [which is included as parts of stats in Europe (!)] the number of bankruptcies grew by 80% compared to 2018.

On the other hand there are of course some other countries that set a better stats, like Greece with 50% decrease compared to 2018. Or Italy with 30% decrease.

However, the overall as the study says shows an increase in the number of insolvencies across Europe.

Starting with yes it's BS not many more companies went bankrupt then in years previous I have to ask this question being an American and can't find the answer about the EU. Are your bankruptcies there same as our bankruptcies here?

Here, a company can go bankrupt but just for debt re-organizational purposes. It still continues to exist, and operate, but all the money it owes people has been reorganized and or wiped out. Or the debtors take over the business and operate it, or instead of shutting down of the banks that were owed money to take it over and try to sell it.

Here, you could do the above or just go bankrupt and go out of business.

Is it the same there?

Does not really matter, but what I thought would be a quick search took me down a rabbit hole with no bottom and no answers.

Grumble about accountants and lawyers.....

-Dave

This is capitalism. Some companies went bankrupt while new companies are being created. It's a never ending cycle. There's no tragedy here.
The vast majority of those companies are small businesses. Those business owners will be fine and they will soon create new companies(or some of them might get a job).
The Russian propaganda keeps screaming about the huge crisis and deindustrialization of Europe, that Europe can't survive without Russian oil ad gas. Obviously, Europe CAN and WILL survive without Russian oil and gas and the situation isn't that bad, but the propaganda never stops.

Another attempt, of course not successful, of manipulating information, and trying to tie the described to the "needed event.

In order to make sure that this is a manipulation, we read two blocks of information:

from the author: "199,983 companies went bankrupt in Europe due to the ENERGY CRISIS in 2022"

and from the article: "After years of CORONA CRISIS, when companies across Europe were massively subsidized, the reality of a market economy is gradually returning: many companies are unable to cope with permanent crises in the long term. 139,973 company bankruptcies were registered in Western Europe, as well as in Norway, Switzerland and the UK This is an increase of 24.2 percent (2021: 112,686 cases) In Eastern Europe, the situation is even more dramatic.
Inflation, energy shortages and other macroeconomic problems  have led to a significant increase in the number of corporate bankruptcies in Europe. In 2022, there were 139,973 business insolvencies in Western Europe (EU-14, UK, Switzerland and Norway). This is an increase of 24.2 percent (2021: 112,686 cases). In Eastern Europe, the number of corporate bankruptcies increased by 53.5 percent. This is the result of a study by Creditreform Wirtschaftsforschung, Neuss.
Accordingly, in the past year, European companies had to take on numerous obligations. These include, for example, massive increases in energy and raw material prices, as well as significantly higher financing costs due to changes in interest rates. The economy also noticeably weakened during 2022.
"

The question is where in the article it is indicated that "199,983 companies went bankrupt in Europe due to the ENERGY CRISIS in 2022" ?  

Dear pooya87, maybe in your society, everyone believes in every word and any nonsense, but here are people who know how to use the brain and information