The risk of bankruptcy of more than 15 thousand stores in Germany.
The German Retailers Association warned that more than 15,000 businesses are at risk of bankruptcy following the explosion of energy carrier prices in this country.
Following the sharp increase in the price of energy carriers, more than 15,000 stores in Germany are on the verge of bankruptcy.
According to a report published by Spiegel magazine, the German Retailers’ Union warned in a letter to “Robert Haubeck”, the Deputy Prime Minister and Minister of Economy of Germany, that the “explosion of energy prices” has caused an increasing number of retailers to be unable to meet their living expenses. .
This union has announced that the situation is extremely threatening and it is possible that about 16,000 businesses will go bankrupt this year, while the negative situation may continue in 2023.
Germany is severely facing the problem of gas shortage and is trying to replace gas imports from Russia by buying gas from other countries.
Recently, there have been protests in Germany and the people of this country have demanded the use of the Nord Stream 2 pipeline. This pipeline was completed a few months ago and was supposed to double the export of Russian gas to Europe, but the German authorities, after the change of government and raising Disputes with Russia stopped the process of issuing a license to operate this pipeline.
Earlier, it was reported in the news that the German chancellor is struggling for the upcoming winter season. He himself said earlier during a speech in Berlin that he wants to speed up reforms in the electricity market in order to reduce the pressure on consumers and businesses in the winter season.