

Austrian City of Graz Facing Bankruptcy Under Communist Rule
Graz’s audit office director warns that the city council may be disempowered, leaving leadership in the hands of a government commissary. New elections may be pending for 2023.
Graz’s audit office director warns that the city council may be disempowered, leaving leadership in the hands of a government commissary. New elections may be pending for 2023.
The pipeline component manufacturer Uhlig in Germany is facing insolvency due to exorbitant gas prices, which might delay the completion of the LNG terminals currently under construction.
Does Germany anticipate an insolvency wave this fall? The minister of economy says “No,” adding that companies might “stop production for some time.”
As a result of the gas-intensive drying process of the toilet paper industry, the German company Hakle has now filed for bankruptcy.