More and more German SMEs fear for their existence due to energy crisis
More and more German SMEs fear for their existence due to energy crisis. Rising energy costs are threatening many medium-sized companies in Germany, according to survey.
Anadolu Agency Staff
Majority of German small and medium-sized enterprises (SMEs) are battling to survive amid an energy crisis, a new survey revealed on Wednesday.
Some 52% of the companies said the price explosion on the energy markets was endangering their existence, according to a survey conducted by the German Association for Small and Medium-sized Businesses (BVMW) this week. More than 1,100 companies took part in the survey.
In a similar survey in August, the figure was 42%, Redaktionsnetzwerk Deutschland media group reported.
Markus Jerger, chairman of BVMW, has called on the government to take an urgent action.
He proposed an emergency fund for small- and medium-sized businesses in the amount of €15 billion ($14.37 billion).