World Courant
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– These are thrilling figures which are most likely as a result of a sure optimism earlier than Christmas, says Kari Mette Almskog, director of knowledge and analytics firm Dun & Bradstreet in Norway.
The chapter figures up to date on the morning of November 30 present a stunning drop within the variety of bankruptcies of just about 16 p.c in comparison with November final 12 months. The month earlier than, in October, it was the precise reverse, with a 21 p.c improve.
We needed to construct a taxi empire: – We could notDo you imagine in Sinterklaas?
In November, there have been fewer bankruptcies in all main industries, together with building (down 18 p.c) and providers (down 43 p.c) in comparison with the identical month in 2022.
Inside the retail sector the decline was roughly 20 p.c and inside the catering business minus 2.3 p.c. These two sectors have been significantly onerous hit by bankruptcies in current months.
To date this 12 months, the figures present 41 p.c extra bankruptcies in retail and 35 p.c extra in resorts/eating places. These are low-margin industries characterised by an costly interval of upper prices and decrease demand.
Cabin firm bankrupt – borrowed 110 million from a financial institution in disaster– I feel the decline in bankruptcies in these two industries is intently linked to the truth that we at the moment are within the run-up to Christmas with all the things from the black week, Christmas purchasing and Christmas events. November is an enormous month and plenty of companies which have already made it to October are most likely pondering that they need to attempt to stretch this slightly additional and obtain pre-Christmas gross sales. Lots of them might not make it, however they will attempt anyway, says Dun & Bradstreet’s Almskog.
– So within the new 12 months the image might be fully totally different?
– Sure, there’ll most likely be a powerful backlash over the brand new 12 months if we additionally get the compelled liquidations of corporations that haven’t filed annual accounts for 2022. We are going to then get a solution to the query of who has and has not executed the Christmas purchasing. There’ll after all be winners and losers, she says.
Right here the wine cellar of Tranen is robbed
Two individuals entered the wine cellar of the Tranen restaurant in Oslo and took wine value as much as NOK 500,000.
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Printed: 26.10.23 — 01:04
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Fewer bankruptcies in November: – There’ll most likely be a powerful setback
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