Soaring Energy Prices Pose An Existential Threat To German Businesses — Tsvetana Paraskova

Summary:
Nearly one-fourth of Germany’s medium-sized enterprises fear they might not survive the soaring energy prices, a survey by the Federation of German Industries, BDI, showed on Monday. Industries across Europe have been suffering from the surging energy prices since the autumn of 2021, when the natural gas crunch sent benchmark European gas prices soaring and electricity prices across major economies surging, too. Many energy-intensive industries, such as fertilizer producers and steelmakers, had to curb production as the record gas and power…OilpriceSoaring Energy Prices Pose An Existential Threat To German Businesses Tsvetana Paraskova

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