The increase in prices and calls to the government to stop the sanctions in Russia, but also Thessaloniki as a culinary paradise in the press. Inflation and the course of the German economy are among the main issues that concern the press even today. “The sharp rise in prices is causing Germans to switch to […]
Tag: Germany
Germany: Who benefits from the gas tax?
The additional burden on natural gas consumers may also benefit energy companies that are not at risk of bankruptcy. That is why the government will review it. The additional fee for natural gas, which will be borne by consumers in Germany from October 1 with the aim of supporting mainly the energy companies-importers of natural […]
Soltz: We will not leave anyone who needs support
The German government is working “day and night” on the third package of support measures. Facing a new European Recovery Fund for energy, modeled after the pandemic? The dramatic increase in energy prices that has brought about a “tsunami” in the cost of living is creating insecurity for the citizens of Germany, who have to […]
Energy shock in Europe – More than 1,000 euros for electricity in France and 800 in Germany
LAST UPDATE 15:10 The pressure on Europe’s energy crisis continues unabated, with Germany and France today seeing electricity prices for next year soar to unprecedented levels. In particular, as reported by Bloomberg, the year-ahead contract in France increased today up to 13%, reaching 1,022 euros the megawatt hour on the European Energy Exchange. Similarly, German […]
Germany: Gfk consumer confidence sinks to a new record low of -36.5 in its September projection
The Germany’s Gfk consumer confidence index fell to -36.5 points in its September projection, which represents a new historic low and a drop of 5.6 points compared to August this year, when it stood at -30.9 points. The result worsens the market consensus, which was expecting -31.8 for today. According to the Gfk statement, most […]
Germany: Consumer confidence hits new low due to high energy bills
Consumer sentiment in Germany is forecast to hit a new record low for the third month in a row in September as households prepare for the possibility of energy bills soaring, a survey showed. The GfK institute reported that the consumer sentiment index fell to -36.5 points in September, continuing a streak of historic lows […]
Lufthansa pilots on strike – Demand 5.5% pay rise
Lufthansa pilots have rejected the German carrier’s offer and may go on strike at any time, the VC union said today, as a dispute over pay rises continues. Workers voted to start strikes last month, an event that could further disrupt air transport amid the summer season. The VC said the company’s proposal was a […]
New record for French and German electricity
French electricity costs have risen to a new record as its nuclear fleet faces further outages as a very expensive winter looms, according to Bloomberg. The increase was due to Electricite de France SA’s announcement that further of its reactors will take longer to return to service after outages. The outages affect plants with a […]
Germany’s Ifo business confidence index worsened slightly in August
Business confidence in Germany worsened slightly in August as businesses grew more pessimistic due to rising costs and the threat of gas shortages. The Ifo institute’s business climate index fell to 88.5 in August from a revised figure of 88.7 in July, the institute’s data showed. Economists expected the index to reach 87.2 points. “An […]
Germany: August IFO data down slightly but market forecasts improve
The German business climate indicator published by the IFO Institute stood at 88.5 points in Augusttwo tenths below July’s 88.7 (figure revised upwards from 88.6), but improving the market expectation, which expected a drop to 86.8. Despite improving forecasts, the August figure is the lowest seen by the indicator in 26 months, specifically since June […]