BERLIN, Aug. 10 (Xinhua) -- The number of business insolvencies among German companies decreased by 9.9 percent in May year-on-year to just above 1,500, the country's Federal Statistical Office (Destatis) announced on Monday.
However, economic problems caused by COVID-19 had not yet been reflected by an increase in insolvencies due to the government suspension of filing for insolvency implemented in March, Destatis noted.
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