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German Industry Association: Very ominous outlook for the German economy

The German export machine is in danger of stopping, businesses could suspend investment and consumers could limit their consumption, according to estimates by the German "BSE". "The economic prospects for Germany look very bleak," Siegfried Russwurm,...

Energy costs drive Spanish industrial prices to record highs

Prices for Spanish industrial production rose at an annual record rate for the fifth consecutive month in February, boosted by rising energy costs, according to data from the National Institute of Statistics (INE) on Friday. Driven by...

Eurobank: Trade, transport, tourism and industry the pillars of the 2021 recovery

From which sectors of the economy did the recovery of economic activity in Greece in 2021 come? Which industries exceeded pre-pandemic levels in terms of gross value added in 2021? How did labor productivity...

Positive response from industry and market to electricity measures

Of Thanks to Floudopoulos Yesterday's government announcements about support measures against energy precision were welcomed by industry and the market. This was at least evident from the joint announcement of 5 industrial associations, which...

Uncertainty over energy prices continues – What solution is being pursued for industry costs

Of Thanks to Floudopoulos Despite the slight de-escalation of the TTF price of natural gas to 131 euros / MWh, the prices of both gas and electricity remain high, putting pressure on businesses and households. ...

Measures for electricity costs are otherwise temporarily locked in the industry

By Harry Floudopoulos The domestic industry is at a dead end due to the high energy costs that have resulted from the energy crisis. In fact, according to industry figures, there is a significant risk even...