Slovakia’s economy at risk of ‘collapse,’ says premier, while rising energy costs are threatening many companies in Germany
Most small and medium-sized enterprises (SMEs) in Germany are battling to survive amid an energy crisis, a new survey revealed 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 in which more than 1,100 companies took part.
In a similar survey in August, the figure was 42%, the Redaktionsnetzwerk Deutschland media group reported.
Markus Jerger, the executive chairman of BVMW, has called on the government to take urgent action.
He proposed an emergency fund for small and medium-sized businesses in the amount of €15 billion ($14.5 billion).