Source link The country’s public finances are in a “catastrophic” state, a source from the organization has told TASS Ukraine could go bankrupt as early as next year unless Western countries agree to write off or restructure its debts, an official from the World Bank told TASS on Saturday. Kiev is reliant on financial aid […]
Source link KaDeWe Group, which runs the eponymous retailer in Berlin and two other high-end outlets in Hamburg and Munich, has filed for insolvency under self-administration, the corporation announced this week. The company said that while the stores are operationally healthy, it has been “forced” to restructure due to exorbitant rent costs, which “make it […]
Source link The UK city of Nottingham, home to folklore legend Robin Hood and birthplace of iconic designer Sir Paul Smith, effectively declared itself bankrupt on Wednesday. In a statement, Nottingham City Council announced it has a huge budget gap and is unable to balance the books for the 2023-24 financial year. The authority issued […]
Source link The collapse of Austrian magnate Rene Benko’s Signa Holding triggers rising regulatory concerns Russian Market is a project by a financial blogger, Swiss journalist and political commentator based in Zurich. Follow him on X @runews In the vast expanse of finance, few narratives unfold with the dramatic cadence of Austrian magnate Rene Benko’s ascent and […]
Source link The St. Petersburg bourse insists its financial condition is stable The St. Petersburg Exchange (SPB Exchange), Russia’s second-largest bourse – which specializes in trading foreign shares – denied reports on Monday that it had filed for bankruptcy, asserting that its financial condition is stable. Earlier in the day, media outlets reported on arbitration […]