2 minutes agoGerman Minister: High energy prices to remain
Periskopi(4 years ago)
(4 years ago)Consumers in Germany must prepare for high long-term energy prices, German Economy Minister Robert Habeck has said on Monday, May 2nd. “
“
This is the hard and bitter truth”.
He has said the federal government has established a host of programmes for assistance to guarantee liquidity and keep energy suppliers on the market.
And I can't spare anyone from this heavy message. There's no way they can prevent the price hikes of”, he said after a meeting with representatives of small- and medium-sized businesses.
Most companies have long-term contracts, which have enabled price jams, he has said.
This means that a number of companies will not experience the consequences by 2023, and prices for certain products will increase only then.
The German minister has said the economy is under great pressure.
Besides challenges to energy, the market is facing a lack of qualified workers.
The supply chains have also become vulnerable because of the war in Ukraine and the pandemic of the coronary.
