The European Union today rejected the German request to exempt the “natural gas levy” from the general VAT. “There is no possibility of an exception to this type of tax,” said a representative of the European Commission. The German finance ministry had asked the EU not to apply general VAT to the 2.419 cent/kWh increase […]
Tag: Germany
Norway to Germany: ‘We have no more gas to give you’
Solz returns to Berlin with a polite Norwegian “no” to more natural gas. Accelerating Sweden’s accession to NATO – message from Stockholm to Ankara. The two-day visit of Chancellor Olaf Solz to Sweden and Norway ended with a heavy agenda, albeit in the middle of August, and the main issues being energy security in Europe, […]
Germany: Natural gas consumption decreased by 15% in the first half
Germany’s natural gas consumption fell significantly by 15% in the first half of 2022, even if differences in weather conditions are taken into account, the energy industry association BDEW said on Tuesday. Germans consumed around 15% less natural gas in the first half of 2022 compared to the same period last year, mainly due to […]
Soltz: ‘The accession of Sweden and Finland to NATO will be completed very quickly’
Chancellor Olaf Solz today expressed his belief that all NATO member states will “very quickly” complete the process of ratifying the accession of Sweden and Finland, while Swedish Prime Minister Magdalena Andersson assured that her country will adhere to the terms of the relevant memorandum it has signed with Turkey. Regarding the energy crisis, the […]
ZEW economic sentiment data from Germany and the Eurozone fall to more than a decade low
The index ZEW economic sentiment from Germany has plummeted to -55.3 points in August compared to -53.8 previously and expected by the market. This is his worst result since October 2008. The German ZEW Current Situation has also retreated to -47.6 from -45.8 previously. Although it is the worst result recorded since April 2021, it […]
‘No Suspicion’ Against Olaf Soltz in Cum-Ex Scandal
“No suspicion” against Olaf Solz in the “Cum-Ex” tax evasion scandal, says the Hamburg public prosecutor’s office, which dismissed a complaint against the federal chancellor in the case. Hamburg’s public prosecutor’s office does not yet have any evidence of possible assistance from Olaf Solz as mayor/governor of Hamburg during the disputed period in the Warburg […]
Soltz seeks expansion of natural gas production from Norway
Norway has been described as a “safe, democratic and reliable partner” in supplying Germany and Europe with energy by Chancellor Olaf Solz, who called on the government in Oslo to expand natural gas production to reduce dependence from Russia. Norway is “offering the maximum of its potential”, countered the country’s prime minister, Jonas Gar Stere. […]
Germany: Scholz assures citizens that a new support package is coming in view of energy price increases
Chancellor Olaf Solz today re-assured citizens that the government will continue to support everyone in need in the face of the new energy price hikes announced today, with the “gas levy” at 2.419 cents/kWh. “Prices will rise. There is no other choice. Energy prices are still rising. But with 39 billion euros we are already […]
German winter with extraordinary end for natural gas
The amount of the extraordinary natural gas levy that consumers in Germany will pay has been announced. The good news of the day: the producer price index recorded a decrease. 2.419 cents per kilowatt-hour: This is the final gas surcharge that consumers in Germany will have to pay from October. Experts calculated it in a […]
Germany: 480 euro surcharge on households for electricity due to ‘natural gas levy’
The kilowatt hour will be increased by 2,419 euros from October 1 for residential and business customers, due to the so-called “natural gas levy”, the German Ministry of Economy announced today. According to estimates by the BILD newspaper, the levy could mean an additional burden of around 480 euros per year (excluding VAT) for a […]
