Topic: 199,983 companies went bankrupt in Europe because of the energy crisis in 2022 (Read 555 times)

In the world, almost all countries are now working to create new cheap and effective technologies that would quickly solve the problem of transition to alternative energy sources, so as to no longer use fossil fuels for this purpose. Almost every day there is information about new successes in this area.

But the problem is that humanity is doing this already too late. No matter what we do, the climate on our planet will worsen through man’s thoughtless attitude towards nature. But European countries have set a course for the fastest possible abandonment of fossil fuels, and primarily Russian ones. Russia itself helped Europe in this by starting to blackmail it in 2022.

Every administration's got its playbook, cooking up public opinion like a chef in a Michelin-starred kitchen. It's an uproarious chess match - pawns, knights, bishops, they're all tales spun for some political points. In this information epoch, it's like we've hit the jackpot yet we're still scratching our heads - truth or propaganda? It's like hunting for the elusive Holy Grail. Take the Iraq War, folks, a prime case of government tales running the show. They conjured up a Weapons of Mass Destruction tale faster than Houdini's rabbit trick - only to find out it's as hollow as a pumpkin!

East versus West, North versus South, it's all about perspective. One man's trash is another man's treasure, right? Half-empty, half-full - it's all in the eyes of the beholder. Want the real deal on a country, its culture, its people? Go live it. It's like taking a bite of a strange dish - reading the recipe won't cut it. You gotta taste the spices, chew on the textures, get a feel for the ingredients. Living the culture - that's the ticket!

It seems that the supporters of the "Russian world", as expected, once again, screwed up ... And now they will sit quietly, inventing an excuse for their next "failure"
Pro-Russian heralds, an appeal to you - understand a simple FACT: here you are not your usual, primitive, public from Russia, which believes in any fairy tale, and even more so patriotic!
Here are people with intellect, and the ability to check any information ... Perhaps these are complex sentences for you ...
I will simplify, for you, out of habit: there are no FOOLS here This is not your usual audience for such fairy tales

I think it is not going to really matter at this point, that is why I feel like it's not going to be a lot better if we just do something totally changing it all together, not just piece by piece. I do not know how that could be done, I have no idea if the tech is there, but if we keep waiting for nations to stop polluting the world and go towards clean energy, then we are going to end up with a world we can't live on, it is just not going to happen.

So start working on a solution that will make it better instantly, put research money, all these renewable energy money, all into instant result tech development, otherwise the other way around will not really make anything change anytime soon, it's just not going to be something we can live with.

The fact that in Europe, and above all in Germany, they began to abandon nuclear power plants is not such a stupid policy. The world is already entering a period of dramatic climate change across the planet. This process will be accompanied by strong cataclysms, such as volcanic eruptions, tsunamis, earthquakes, floods. It is still fresh in our memory how an eruption in the ocean led to the disaster at the Fokushima-1 nuclear power plant in Japan. The countries of Europe logically do not want a repetition of this on their territory. Therefore, there is accelerating the program for the introduction of alternative energy sources such as solar panels and wind generators, as well as other types of "green" energy are being developed. Most likely, the future belongs to them.

So, here we have already suffered completely to the side. But not a problem
So. Let me ask 2 questions, and you answer them?

1. The title of the article, and the post of the author of the topic itself - is it TRUE or FALSE?

2. Regarding other countries and media. Let's post here links to real media, where there is a total, systemic lie. We provide a link, for example, to an official channel, a speech by statesmen, and show that this is a lie. And complete and deliberate. A sign of this will be the existence of facts and reality that refute their claims. It's simple

At the same time, one additional point is a consequence of this lie. After the state lies were aired, were there later investigations, confessions of "mistakes"? This indicator will indicate that the information field is not monopolized by the state, and there is an opportunity for independent media to reveal the truth?

Or is it not interesting to discuss?

PS By the way, I never stated anywhere that "It's funny that you think only your nations are built on a sea of truth", I have a lot of complaints about the current government in my country. Now there are a lot of lies, a lot of manipulation, and for me a lie in my country is the same lie as in another country. I have no "preferences", no double standards. A lie is a lie, no matter where and who says it.

Regarding the information field of Russia - see the sentence above, this is easily proven. I watch information programs and speeches by politicians and public figures. Believe me - I have something to show you

If we talk about China, then the situation there is somewhat different. These are attempts to minimize the independent media, to introduce state control over the media and even big business, as well as the creation of a total information field loyal to the government. China more "hides information" and "doses" it than openly and systematically lies.

PS. I was also lucky enough to visit a large number of countries and continents (except Australia), and I, a resident of the former USSR, saw that the world is actually completely different, and not the one that I was formed in childhood through the totalitarian media.

This is only what your government wants you to think, which U.S. mainstream media isn't controlled by either the Democrats or the Republicans in one way or the other? ya, they would reveal some part of the truth against one another just for political gains, but most often they are on the same line. How did George W. Bush manage to lie to every American that Iraq had  'weapons of mass destruction', his government managed to lie to everyone in the U.S, killed a dozen hundred thousand of innocent civilians and nobody confronted him when he was in power, ya Trump now uses that mistake against the Democrats to have some political gains, but it's only because it's now over.

It's funny that you think only your nations are built on a sea of truth while all other nations like Russia and China are built on an ocean of lies and dictatorship, alas, this confirms the theory that you have been lied to forever, your government has brainwashed you so perfectly that you are not willing to even reconsider the possibility that EVERYTHING you think you know is absolute garbage.

The same thing applies to the Russians and every other nation, the majority of people are brainwashed, what the Russians think of Americans or what the Americans think of the Chinese, it's all programmed in people's heads, only those who strive to seek the truth will find out that nearly every bit of information they had about other countries was wrong.

I was pleased with living in different countries, visiting so many places, and meeting people from all kinds of cultures and religions, it's how I came to understand that everything my government fed me was done to paint a perfect picture of them, and how everything they do -- is to protect our nation from all the bad enemies, only to realize that the real enemy is my government, not a country that is thousands of miles away from me.

It's pretty harsh on both the brain and soul to admit that you have been brainwashed, when you start diving into the truth, it will start hurting your feelings, which is why most people prefer to ignore anything that goes against what they think they know, it's a lot softer on the brain to keep existing lies than to bring on a new truth.

Let me disagree

Now I will explain why. I do not deny that all governments manipulate information in one way or another. Somewhere they didn’t finish something, somewhere they embellished it a little, but so that it was not a PURE LIE. Why ? And because this topic will be instantly raised, the authors will be smeared with the truth, and there will always be a cliché of "liars" on them.
In Russia, and among its "partners" - a lie is the basis of information and REALITY. Primitive, dumb lie
And no one is responsible for this. Moreover, lies have been put on stream, all information channels are totally controlled, and they carry a total, agreed-upon lie to the masses.
The purpose of this is to manipulate the consciousness of the population. And it is for this reason that Russia has taken a course towards isolation from external information services.

Well, be honest - the headline "199,983 companies went bankrupt in Europe due to the energy crisis in 2022" is true? The answer is NO. The reasons - a huge list, and yes - some surge in energy prices, was not a "positive event" either. But firstly, there was an increase in the cost of energy carriers earlier. Secondly, it did not have a critical impact on business. Thirdly, it turned out that the indicator of the number of bankruptcies is generally less than it was in previous years. In total - the information does not completely correspond to reality, moreover, it is deliberately "twisted" .. And what is this called? That's right - INTENTIONAL LIES!

There are generally 3 reasons.
The most obvious one is trolling where even if I say the sky is blue these particular trolls will deny it and say it is some other color. As they say کی شود دریا ز پوز سگ نجس 

Second is being too brainwashed with the propaganda that they are incapable of thinking anymore, this is masterfully summarized in this semi-recent picture about the regular derailments of trains in US some of which are unprecedented environmental disasters!

And finally is because some people think these things are in black and white. For example when we talk about energy crisis these people think that it means nobody should be left alive in Europe anymore (freeze to death)! And because that obviously doesn't happen, they claim that there was no energy crisis whatsoever.
This may sound crazy but their arguments are saying exactly this! They also refuse to see everything else like the deindustrialization that has been going on over the past year and the trillions of dollars of markets that Europe lost, the banks that collapse and are on the verge of bankruptcy, the companies that either go bankrupt or have to fire large number of employees to stay alive (~170k layoffs in past 3 months), or the cost of living crisis in UK or the fact that we entered the fifth month of violent protests in France over the economic crisis caused partly by the energy crisis, etc.

Hmm ... That is, the FACTS that you were given, which PROVE THE FALSE OF THE AUTHOR OF THE TOPIC - you just ignored it? A "convenient" position, and most importantly, a "strong" one ... What I foresee in advance - not a single argument against - will not come from you

"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." - at the same time, you somehow very modestly kept silent about one more FACT ... The fact is simple, easily verified - Russia's GDP after 2022 fell to about 0.9% I.e. a country that owns "more than half of the world's natural resources", which "has a leading position in hydrocarbon deposits", has a "second army of the world", "has international recognition", and other crazy slogans, and has "the largest territory" - just, has a GDP 3 times the GDP of Ukraine!

At the same time, Italy's GDP is MORE than Russia's GDP. Yes, what can I say - the GDP of one state of Texas - MORE GDP of a terrorist country!

Oh yes - and an important clarification - can you PROVE that the United States wants to see Ukraine in NATO, and not Ukraine chose the NATO vector after 2014, when the country of the international cowardly terrorist - Russia, attacked Ukraine? Would be very interesting to hear from you?

PS And for dessert - tell us how the United States harms those who have chosen the path of development, civilization and the rule of law?

Maybe this is a new thing for Europe, maybe they have such soft bellies and used to having whatever they want that they are shocked about this. But the reality is that the rest of the world is used to this, it is not a shocking result to us.

Because if you have any spine at all, you will stand behind your decision, and what Russia did was wrong, I believe in that and apparently European governments too, hence the sanctions and why they have an energy crisis. They could have easily said we don't care and keep getting cheap energy, and life would be much better today. But when you make a decision and say that it is wrong, then you face whatever trouble it comes with it, Russia is doing that as well, you think they are doing fine? They are getting closer to poverty, but not crying about it like Europeans.

I don't think anyone needs to be surprised when the cost of production increases and there is weak demand from consumers, this is bound to happen, this is not supposed to happen but people have been brainwashed overtime to believe everything the media and the government tell them, and they will keep voting for these people that are bent on destroying their livelihood. More companies are going to fold up with time because if not for the free money from the government most would have been dead long ago, we now have more zombie companies than real ones

I agree and because that is the main cause, the energy crisis that triggers and makes everything messy and have more problems, especially in this day and age the average industry has a very high dependence on electrical energy, so today the entire industry is very exhausted among them become bankrupt.
Some say this is the result of Covid19, yes agreeing also about this because it is one of the factors that makes it, and there are also those who say that this is the impact of the Russian and Ukraine War, I also strongly agree on this because that's where the triggers make it worse .
We need to understand that there are too many Russian Ukraine disputes that interfere that makes a country that does not participate become a victim of this war, we only need to hope that this war hopefully will be completed quickly.

Humans have lived without electricity, even if electricity is gone, if we can adapt to that situation we can still survive.

These are not practical solutions. Sending nuclear waste to outer space will get rid of all the radiation, but it is going to be insanely expensive. The best solution is to bury it a few kilometers down in some isolated area, using lead containers (Russia and the US are doing that now). Technology has progressed a lot since the Chernobyl days. Now it is possible to store nuclear waste in secure facilities, which can withstand natural catastrophes such as earthquakes and volcanic eruptions. If managed properly, nuclear energy can be a game changer.

There will always be challenges to business. Any company that starts up and fails to be able to calculate and practically prepare for any situation that can take them out of business will easily be put of business when things get tougher. A pandemic was not expected by many companies and even individuals, but it happened and some businesses survived because they have a good team and management that could make strategies to bypass this challenges, so also with the energy crisis, Companies with good management found a way to strategically adjust and survive the challenge to remain in business, because they are determined to remain. Most of the affected companies are victims because they never expected it, and never made any plan for it.

The company with good administration had survived after the Covid by suffering some losses.Almost all the companies suffer the huge loss during the Covid,only the food based companies had survived easily because people their full importance to food and health care.The medical industry had earned huge money who are involved in the mask production.Because during Covid,mask became an important one and the cost of mask was increased based on the luxury.One single mask was sold at 5-10$ maximum and it was affordable by the elite people when some of the poor people depend on the government to give them free mask.

Guys, why are you so hard on OP?

He also stated this :

The reasons stated for the huge increase in number of bankruptcies in the study are:
1. "Lack" of energy (or energy deficiency as I pointed out nearly a year ago)
2. High inflation
3. "Massive" rise in price of raw materials
4. "Massive" rise in price of energy
5. Significantly higher financing costs due to the turnaround in interest rates
6. Weakened economy

The fact of the matter is that the energy crisis are a contributing factor to a high number of bankruptcies in Europe. We know some businesses adapt and other simply go bankrupt. I live in a country where we have huge challenges with "electricity" ...but we adapt.... and if we do not adapt, we will die. 

If anything, more companies should go bankrupt! Since Covid, far too many companies have been kept alive by tax payers, and bankruptcy numbers are still lower than "normal".
Apart from the personal tragedies, a healthy economy needs bankruptcies to get rid of inefficient companies and create space for better ones.

The current Ukraine Russia war has affected almost every country in the world. Not only that has an impact on oil or fuel but also on food products. As a result, inflation has assumed the shape of an epidemic. All of Europe used to depend on Russian energy, but that change has now affected almost every country. As the war broke out, many had ideas that eventually turned into reality. However, as there is no specific solution for this, it is not possible to prevent indecisiveness in everything, including burning oil. Although every country is now heavily focused on finding its own natural resources, it is clear that they will not be available soon.

I am not against the implementation of nuclear energy, again. It is about the management of the waste.
I assume that you have heard about the possible plants to sent the nuclear waster of fission generators to the outer space or to the sun. Since the radioactivity of the waste would be expected to have no significant impact on a start, which is mostly all kinds of ionizing radiation anyways.

What are you thoughts on that solution to nuclear waste?

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  

This Energy crisis will affect Bitcoin Network too as it will be hard to provide energy to mine and process the transactions. I am not sure if it's already affecting it despite having such a huge hash rate working 24/7 * 365 days. I am sure big mining companies are already working on alternative energy options like solar and wind. Let's see how this goes.

I'm grateful to stompix for clarifying the situation and providing the context. If it's just a 0.2% increase and actually fewer bankruptcies than in some of the previous years, all seems good to me. Of course, 2022 wasn't easy, but I really don't think that sponsoring a terrorist state to get more electricity (which is also not environmentally friendly) is a reasonable solution. I'm glad that the situation isn't as bad as it may have initially seemed, and I don't see why 2023 wouldn't be an improvement over 2022 either.

While he is generally a quality poster, you made me remember that he said that half a million families had gone homeless in the UK, which I quickly dismantled, and I've been looking for the post to quote it but I don't know if he deleted it because I can't find it. It seems he only wants to see the speck in his neighbours eye.

This thread is also quite illustrative:

The Economist: 335000 people could "freeze to death" in Europe

How many will have died directly from not being able to heat themselves at the end? Not even 1%. Unless we consider "freezing to death" that people over 90 years of age with various risk factors have died after contracting influenza, COVID and other diseases.

I wonder how do those figures translate to euros or dollars. Those are shocking numbers but it's possible those are comprised of small to medium companies, ones which are easily shaken even by slight macroeconomic movements. With the pandemic and the global economy and the invasion all happening almost at one, these relatively small companies will easily cave in.

Anyway, a quick glance of the GDP figures at least in the EU, every single country, save for Estonia in 2022, is actually registering positive numbers. Although 2020 was apparently a very bad year for almost all of them, 2021 and 2022 were much better ones.^[1]

I also wonder how accurate this study is.

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[1] https://ec.europa.eu/eurostat/databrowser/view/tec00115/default/table?lang=en

The effect of the war in Ukraine didn't only affect business in Europe and America negatively, it affected the entire world. In Africa, many businesses crumbled and there was a high rate of unemployment. Even the news outlet that OP references agreed that the major reason for this business bankruptcy is not only the energy crisis but the effect of the Covid-19 pandemic. Businesses were just gradually recovering from the pandemic before the war broke out. In my country, the price of oil and gas has stabilized and I also heard that Europe has discovered other sources of importing oil and gas.

You forgot to add that those 199,983 companies are
- 0.86 of the total number of companies in Europe
- the increase is from 0.63 the year before, so a huge number 0.2% increase, lol

It contradicts your previous lies about the German bankrupcies:


But as usual, the distorting of truth is your specialty!

Also, you deliberately forgot to add the conclusion of that article:


How about you stick to the troubles of the shitshow that is Iran now and the falling rial rather than bitching about Europe and the united states all day?

LE:
What a non-suprise, what this little propagandist has forgotten to add from the report is the graph of bankruptcies around Europe in normal times:
Easy to understand why :
https://www.creditreform.de/fileadmin/user_upload/central_files/News/News_Wirtschaftsforschung/2023/Insolvenzen_in_Europa/2023-05-11_AY_OE_Analyse_EU-2022.pdf



There were actually FEWER bankrupcies in Europe in 2022 than in 2019 and 2018!

Reference: https://www.creditreform.de/aktuelles-wissen/pressemeldungen-fachbeitraege/news-details/show/unternehmensinsolvenzen-in-europa-jahr-2022