Report: More Than 25% of European Companies Suffer from Budget Problems

A report  authored   by the American financial and administrative consulting firm, "Alfrez & Marsal", showed that more than a quarter of companies in Europe and the Middle East suffer from weak budgets, after accumulating debts on them during the period of the emerging Coronavirus pandemic, while they are currently facing high-interest rates and inflation rates.

Bloomberg News Agency quoted the company's report as saying that about 28% of companies in Europe and the Middle East fell into this category during the past year, while 8.4% of companies are considered to be in a real crisis, noting that the Middle East, Spain, and Germany are the regions that include the number.

The largest of the companies in a real crisis.

The Alvarez & Marsal study included more than 7,000 private companies listed on stock exchanges with annual revenues of at least 20 million euros ($22 million) in 33 countries in Europe and the Middle East.

The report indicated that companies in the sectors of non-food consumer goods, media, entertainment, energy, and utilities were the most affected by budget weakness.