More than 21,000 German companies filed for insolvency in the first seven months of the current year, data published by the Federal Statistics Office showed this morning.
A total 21,585 companies folded in the period from January to July, the office said.
However, the statisticians did not provide a comparative figure for the year-earlier period because they argued that German insolvency law had changed since then, making direct comparisons difficult.
The total number of companies and private individuals in Germany who filed for insolvency in the January-July period stood at 47,282, the office added. That was almost as many as the number for the whole of lastyear.
Among the number of high-profile bankruptcies seen in Germany earlier this year, the Kirch media empire, airplane maker Fairchild Dornier and the construction group Philipp Holzmann all went under.
AFP