More and more German SMEs fear for their existence due to energy crisis
Sep 28, 2022 - 11:12 PM
BERLIN (AA) – 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).