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Germany faces a wave of bankruptcies due to the refusal of Russian gas

The refusal of Russian gas could lead to a sharp increase in the number of bankruptcies in Germany. This will mostly affect small and medium-sized enterprises that do not have long-term contracts for the supply of natural gas. The attention to the problem was drawn by the German media Handelsblatt . The published material contains data ...

GERMANY MAY BE LEFT WITHOUT TOILET PAPER

... become a scarce commodity. Experts declare a reduction in the production of cardboard, hygiene products, toilet paper and other indicators of stability, which the country is rapidly losing. The reason for this situation is called the reduction of Russian gas supplied to Germany, which is necessary for the implementation of the entire production cycle. As the Bavarian Jurgen Schaller, who heads the regional association of paper manufacturers, told the local newspaper Die Zeit, many paper products, including medicinal ...

SMALL AND MEDIUM BUSINESSES IN GERMANY ON THE VERGE OF BANKRUPTCY DUE TO FUEL PRICES

..., existing taxes on electricity and the protracted reform of the public transport fare system could lead to bankruptcy of significant number of entrepreneurs. According to the NEOPresse media, gasoline prices have already exceeded € 2 per liter at gas stations in Germany. The cost of gas also doubled. This raises concerns among businessmen who fear corporate bankruptcies. The media quotes the words of Markus Jerger, head of the Federal Association of Medium Businesses (Bundesverband mittelständische Wirtschaft,...

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