NL: 15 pct. of catering businesses could go bankrupt this year, economists warn
AMSTERDAM - Economists expressed their concerns that 10 to 15 percent of Dutch catering and hospitality businesses could go bankrupt this year. The situation should improve once the sector is allowed to reopen in full, and if government financial support provided during the pandemic is also extended, Nu.nl reported on Friday.
The economists also argued a new scheme to reschedule debt payments is needed.
A report on the status of small businesses in the Netherlands carried out by Hogeschool Utrecht and ONL found that 74 percent of small hospitality businesses in the country were struggling to fulfill their financial obligations. About 29 percent of them were already technically bankrupt by the start of April.