Despite protests from the rest of Europe, Germany continues down the road to breaking up the single market as it moves to provide unprecedented state aid for its industry, writes publicist Pavel Páral
Germany’s energy situation is dire, and the Nord Stream pipeline explosions have only worsened its geopolitical and economic outlook
PM Orbán predicts that lifting sanctions will lead to a significant drop in inflation and a halving of energy prices
A previously concluded contract with a price guarantee until the end of 2023 was allegedly suddenly terminated
electricity prices European Commission Gas prices Inflation Jozef Síkela czech republic News Trending The price cap will apply to solar, wind, nuclear, and coal power plants, as well as producers of electricity from biomass
“Every day we receive emergency calls from companies that are about to stop production,” said the president of the Central Association of German Crafts
Suddenly what seemed impossible for many weeks is possible, writes publicist and economist Lenka Zlámalová
Prices are approximately 11 times higher than normal for this time of year
“Without relief for the particularly affected sectors, these developments will massively endanger the location of local business and industry.” said the MD of the Association of Industrial Energy and Power Industries, Christian Seyfert
So far, Czechia has saved enough gas for the entire EU
If no more gas comes from Russia, companies will be forced to shut down in whole or part, warns the managing director of the German Association of Municipal Enterprises
High energy prices are exacerbating inflation in Slovakia
Russia could eventually shut down the Nord Stream 1 gas pipeline altogether, which most experts agree would be catastrophic for Europe’s economy
Inflation is already taking its toll on the German economy, but next winter is now being described in near apocalyptic terms by one prominent German agency head
An unnamed official from Germany warned against such a move
It is easy to forget that state intervention in the economy has always destroyed prosperity and brought poverty and scarcity, writes Lenka Zlámalová
