By Harry Floudopoulos The energy crisis is leading to the extinction of industrial chimneys, as particularly energy-intensive industries are unable to bear the burden of extreme electricity and gas prices. In fact, the problem becomes even more acute as December was the month with the highest prices ever recorded in the domestic electrical system. The […]
Tag: Industry
In the ‘knives’ super markets – Manufacturers for shelf prices in Germany
Food producers are under cost pressure and demanding heavy increases, according to Handelsblatt, but trade continues to be tough. For some, the quarrel between producers-traders takes on “existential” dimensions, the same article notes. Many Edeka customers are currently looking in vain for Granini fruit juice, it is noted. Germany’s largest food retailer (Edeka) did not […]
Producer prices in industry jumped by 24.5% in November, on an annual basis
Producer prices in the industry jumped 24.5% in November 2021, compared to the corresponding month last year, as announced by the Hellenic Static Authority. The increase of prices on a monthly basis, ie in relation to October, moved to 1.1%. More specifically, “the General Producer Price Index in Industry (total domestic and foreign market), with […]
China: Industrial profits rose at a slower pace in November
China’s industrial profits rose more slowly in November, according to official figures, as raw material producers faced lower commodity prices. Industrial profits in November increased by 9% compared to the previous year, compared to an increase of 24.6% in October. In January-November, China’s industrial profits rose 38% year-on-year. The fall in commodity prices last month […]
EIB: Greek industry finds solutions to international disturbances
Greek industries are proving to be versatile enough, flexible and resilient to be able to meet the challenges to a large extent, according to a study by the EIB. Directorate of Economic Analysis, which also forecasts GDP growth of 8.5% this year. In particular, as mentioned in the study, at a time when the Greek […]
Annual increase of 16.5% in industrial production in October 2021
The General Index of Industrial Production for the month of October 2021, compared to the corresponding index of October 2020, showed an increase of 16.5% compared to a decrease of 3.2% recorded during the corresponding comparison of the year 2020 with 2019, according to an announcement by Hellenic Statistical Authority. The average General Index of […]
Germany: Industrial production increased despite supply chain problems
German industrial production increased in October, despite problems in the supply chain. Total industrial production rose 2.8% month-on-month in October in calendar-adjusted terms, according to Destatis. Economists expected a 1% increase. In September, industrial production fell by 0.5%. Industrial production fell 0.6% in October from the same month last year, and was 6.5% lower than […]
Ad. Georgiadis: I am very optimistic about the National Strategy for Industry, since for the first time we have a good situation
The government is planning actions that will immediately change the daily life of the industrial and business world. This was noted by the Minister of Development and Investment Adonis Georgiadis in his introductory speech at the 2nd Meeting of the Government Industry Committee for the National Strategy for Industry, emphasizing that the industry “despite the […]
Al. Sdoukou: Measures to curb energy costs in industry
Funding from the recovery fund for the implementation of energy offset in industry will begin in 2022, said the Secretary General of Energy and Mineral Raw Materials, Alexandra Sdoukou, speaking at an event of the Association of Industries of Central Greece on energy costs. This is one of the measures implemented by the government to […]
The industry pays increases of 150 million euros / month in electricity
Of Thanks to Floudopoulos The energy crisis we are experiencing has brought to the fore market market distortions in Greece and should be addressed not through temporary measures but through structural interventions. At the same time, the very risk of the crisis is the very existence of the industry not only in Greece but also […]