German businesses feel impact of rising energy prices – survey ...News

Russia Today - Economy
German businesses feel impact of rising energy prices – survey
source : Russia Today ( News ) () 28
90% of companies are ready to hike prices to counter skyrocketing costs About 40% of German companies have already felt the consequences of the rapid rise in energy prices over the past several weeks, a survey by the Ifo Institute for Economic Research in Munich published on Monday has found. The survey covered 1,100 German enterprises, 950 of which were family owned. As many companies surveyed have long-term supply contracts, not all respondents said they felt hefty price increases so far. However, a quarter of the firms surveyed said they expect their energy costs to spike in the second half of this year, while

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