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Thousands of German stores on brink of closure - Spiegel

2 monthes ago   |   By RT

Energy costs in the country have increased by nearly 150% since the beginning of the year
Over 15,000 German stores are facing bankruptcy due to soaring energy costs, Der Spiegel reported on Friday, citing the German Retail Association .
According to the report, the HDE wrote a letter to Vice-Chancellor and Economy Minister Robert Habeck in which it warned that the “ exploding energy costs ” are making it impossible for increasing numbers of retailers to make ends meet. The group called the situation “ existentially threatening ” and said that around 16,000 businesses may go bankrupt this...
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