The German Minister for Consumer Protection, Steffi Lemke, today advocated prohibiting electricity and gas cuts to consumers who cannot pay the corresponding bills, in statements to dpa.
"The government has decided to put in place a brake on the price of electricity. This will reduce the number of…
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Germany is going through one of its worst crisis
The huge loss of purchasing power and high price inflation in Germany for energy are leading the economy into recession and the worst crisis of the last 50 years,
While Marc Schattenberg, of Deutsche Bank Research, predicted a drop in…
German gas tanks are 90 % full despite lack of Russian gas
Germany's gas storage facilities are 90.07 %, despite Russia cutting off gas supplies since late August, data from European operators shows.
On Monday night, the level had increased by 0.32 percentage points from the previous day. Level…
The Bundesbank forecasts a recession and double-digit inflation in Germany
The German economy is headed for a prolonged economic recession until next year and inflation will remain at double-digit levels, the Bundesbank forecast in its monthly report released today.
"There are growing signs of a recession in the…
Germany wants industry to co-finance removal of one-use plastics
The German Minister for the Environment, Steffi Lemke, advocated that the manufacturers of single-use plastics share the costs of removing this waste from parks and streets, in statements to dpa on Friday.
Lemke added that the ministry is…
German Future Prize 2022 will be awarded in October
The finalists for the German Future Prize 2022 are: a new radiotherapy technique for cancer patients, innovative microscope technology and an ultra-fast charging station for electric cars.
German President Frank-Walter Steinmeier will…
Germany has the most expensive fuel among its European neighbors
With the end of the so-called gasoline discount at the end of August, fuel prices in Germany were again the most expensive among its neighboring countries in the European Union, the Federal Statistical Office (Destatis) reported today.…
Germany produces more energy from coal and wind
Electricity generation in Germany registered a change in the first half of the year, with a greater share of coal and renewable resources and a decline in gas, the Federal Statistical Office reported today.
Nearly a third of the…
German financial regulator toughens rules to prevent fraud
Bafin president Mark Branson said Thursday that the rules have been changed to prevent fraud. "The purpose of the service directive for the private financial transactions of Bafin employees (...) is to avoid any appearance of misuse of…
Hamburg seeks alliances for green hydrogen in South America
The mayor of the city-state of Hamburg, Peter Tschentscher, signed memorandums to strengthen cooperation with the Chilean Ministry of Energy, the port of Montevideo and the city of Buenos Aires. Specifically, it is about establishing…
Germany announces a plan of reductions and tax aid against inflation
The German Minister of Finance, Christian Lindner, announced this Wednesday a package of fiscal measures of up to 10,000 million euros to offset the impact of high inflation on the purchasing power of citizens, including tax cuts and an…
Germany will apply a tax on gas consumption from October
The rate planned in Germany for all final gas consumers will be applied from October 1st, sources from the Ministry of the Economy announced today.
The exact amount of the surcharge will be published online in mid- to late-August and will…