Significant increases in the price of fuel at petrol stations are expected from tomorrow, as the three-month tax discount period for petrol and diesel expires at midnight. The validity of the single national ticket of 9 euros/month also expires tonight. “I think initially we will see a fairly large price increase, but during the day […]
Tag: Germany
Cologne prosecutors raid JP Morgan headquarters in Frankfurt
The offices of JPMorgan Chase in Frankfurt were raided earlier by Cologne prosecutors as part of their wide-ranging investigation into the Cum-Ex scandal, which cost German taxpayers billions of dollars, Bloomberg reports. The US bank confirmed that officials had visited its offices, noting that it “continues to cooperate with the German authorities as part of […]
Germany: Energy crisis threatens the very essence of German industry, warns BDI president
“The very essence of German industry is under threat” due to the energy crisis, warns the president of the Association of German Industry (BDI) Siegfried Rushburm, and stresses the need for clarity on whether current savings in the event of gas shortages will be possible in the future some degree to be compensated. “The situation […]
Zakharova: The German government is doing everything it can to break all energy ties with Russia
LAST UPDATE: 10.47 Russia noted on Wednesday that the German government is “doing everything it can to destroy energy relations with Moscow”, hours after Russian state energy giant Gazprom halted energy supplies to Europe via the Russian-German Nord Stream 1 pipeline. . During a press briefing in Moscow, Russian Foreign Ministry spokeswoman Maria Zakharova said […]
Olaf Solz: ‘Too fast’ the decisions on a package of relief measures for the citizens
The federal government will “very quickly” take decisions to relieve citizens from the consequences of the energy crisis, said Chancellor Olaf Scholz, who however emphasized that compared to a few months ago, Germany is today in a much better position in the , regarding the security of natural gas supply. “No one should be left […]
Germany: ‘Jump’ 8.8% and a record for inflation
Inflation in Germany rose to a record on rising energy prices, boosting calls for a big rate hike at the European Central Bank’s meeting next week. In particular, consumer prices in Europe’s largest economy, which are calculated according to the European Union’s harmonized standards, jumped 8.8% year-on-year in August, according to average estimates in a […]
Germany: Annual inflation rises to 7.9% in August, higher than the 7.8% expected
The annual rate of inflation went from 7.5% in July to 7.9% in August. The euro remains among the best performing currencies. The preliminary inflation report for August Germany indicated that the annual rate of inflation rose from 7.5% in July to 7.9% in Augustabove the 7.8% market consensus. This implies a new rise after […]
Germany: The energy crisis at the center of the two-day meeting of the federal government
With the central theme of “the impact of the conflict in Ukraine on the security of energy supply in Germany”, the federal government is meeting today and tomorrow at the Messeberg Castle in Brandenburg, looking for solutions to the energy crisis and, above all, consensus between the government partners. The ruling coalition is under pressure […]
And Germany is considering imposing a cap on the price of natural gas
Berlin intends to consider imposing a cap on the price of natural gas, several Italian newspapers cited by Reuters reported today, citing a written message sent by Germany’s economy minister to European energy ministers. According to reports, the message sent by Robert Habeck indicates that Berlin may consider imposing a cap on the price of […]
Germany and France reject imposing a complete visa ban on Russian citizens
Germany and France reject a proposal to ban the entry of Russian tourists or visitors to the European Union with a joint position document. “We need to think of clever ways of leveraging the important leverage of passport visas,” said the text distributed by the services of Annalena Burbock and Catherine Colonna to the foreign […]