German business insolvencies declined in the first half of the year, a report released by Destatis showed Wednesday.
Local courts registered 11,558 business insolvencies, which was a decrease of 3.9 percent compared with the same period of last year.
In relation to the business insolvency requests, the prospective debts owed to creditors amounted to EUR 8.9 billion in the first half of 2015. In the first six months of 2014, it totaled EUR 14.6 billion.
The material has been provided by InstaForex Company – www.instaforex.com