Business & Economy

The German Economy Minister reveals a bitter truth

German Economy Minister Robert Habeck has revealed that consumers and businesses in Germany must prepare for a prolonged period of high energy prices.
“This is the hard and difficult truth,” Habek said after a meeting with associations of small and medium-sized businesses.
Yesterday, Monday, the German Economy Minister warned of the continued rise in energy prices, pointing to an aid package to limit the results of these rises.
The government’s economic aid package may help, but it will not completely mitigate the impact of energy price increases on consumers The aid package for businesses currently includes a loan program through the KfW in addition to subsidizing energy costs.
Under the scheme, about 4,000 companies are eligible for direct energy subsidies.

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