Energy is becoming increasingly expensive – even in the medium term. If the price of natural gas doubles in the autumn, inflation will rise by up to four percentage points next year, new simulations by the Institute for German Economics (IW) show. By the end of next year, 337,000 people could lose their jobs as […]
Tag: energy crisis
Germany: Heating to 19 degrees Celsius in winter in public buildings announced by the Minister of Economy
Public buildings in Germany will have to be heated to a maximum temperature of 19 degrees Celsius in winter, under proposed legislation soon to pass through parliament aimed at saving energy, Sueddeutsche Zeitung reports, citing its vice chancellor and economy minister. country Robert Habeck. “Public buildings, with the exception of hospitals and social welfare structures, […]
Britain: PM candidate Sunak proposes £200 reductions for every household on energy bills
Former Chancellor of the Exchequer Rishi Sunak, who is running for Prime Minister of Britain, presented yesterday, Thursday, a plan that includes a reduction in energy bills in order to deal with their increased costs for households. In an article in “The Times” Sunak said that each household would see reductions of around £200 on […]
What will determine the autumn support package
By Tasos Dasopoulos With the increased possibility of a new rally in natural gas prices, which will increase electricity tariffs accordingly, the economic staff of the Government is trying to plan alternative scenarios for the support measures to be announced next month. Sources of the Ministry of Finance stressed that the question is no longer […]
Germany: ‘You’ll never walk alone’, Solz promised the citizens ahead of the difficult winter
With his now-loved line “You’ll never walk alone” from the musical Carousel and the Liverpool anthem, Chancellor Olaf Soltz attempted today, during his customary summer press conference, to reassure citizens in view of the challenges of the coming winter, promising that the weakest will be adequately supported. He even expressed the belief that there will […]
Retail: Energy and price hikes slow sales turnover
By Matina Harkoftakis Retail sales seem to have fallen flat in July as consumers appear restrained in their purchases. The outstanding month of sales has not, based on the data so far, lived up to expectations, as they point out in Capital.gr industry executives. “The first picture we have from the sales, which officially started […]
Die Zeit: The energy crisis puts European solidarity to the test
The newspaper Die Zeit comments in her columns on the energy crisis in Europe, pointing out that it seems to change the data of “good” and “bad” students, recalling a rhetoric that the Germans “liked” to use during the financial crisis. As it typically states, “Finance Minister Wolfgang Schäuble had then accused Greece, Italy, Portugal […]
‘Bells’ for Rhine River Level – Further significant drop expected
The level of the Rhine River is expected to drop well below a critical level over the weekend, leading to further disruptions in the transport of energy supplies on one of Europe’s most vital waterways, Bloomberg reported. The water level at the Kaib – a key crossing point west of Frankfurt – is set to […]
Unleaded oil falls below 2 euros/liter
By Haris Fludopoulos The prices of unleaded petrol have registered a significant drop following the recent decline in international fuel prices. It is typical that from the highs of last June at 118 dollars per barrel, international oil prices have now fallen below 100 dollars, reaching up to 94 dollars last Friday. According to the […]
Europe is expected to have a severe diesel shortage this winter
Northwest Europe is expected to welcome a dangerous winter with historically low amounts of diesel, a fuel that powers large parts of the economy, as noted by the Bloomberg agency. Inventories of motor diesel, heating oil and other diesel-type fuels in the region are set to shrink in November to the lowest level since early […]
