AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Thousands protest in Germany demanding solidarity in energy relief

admin-augaf by admin-augaf
October 22, 2022
in Business, International, News, Politics
Reading Time: 2 mins read
0
Thousands protest in Germany demanding solidarity in energy relief

Demonstrators take part in a protest to promote energy independence from Russia, amid skyrocketing energy prices, in Berlin, Germany, October 22, 2022. REUTERS/Christian Mang

Share on FacebookShare on TwitterWhatsapp

Frankfurt October 22 2022: Tens of thousands of protesters in six German cities gathered on Saturday to demand a more just distribution of government funds to deal with rising energy prices and living costs and a faster transition away from fossil fuels.

Protesters marched in Berlin, Duesseldorf, Hannover, Stuttgart, Dresden and Frankfurt-am-Main, holding signs bearing slogans on everything from lowering inflation to switching off nuclear power and more energy price subsidies for the poor.

Around 24,000 people participated, according to Greenpeace, one of the organisers. Police said about 1,800 protesters gathered in Berlin.

“We want to show that we urgently need financial relief for citizens that is socially balanced. The government is doing a lot but it is distributing funds with a watering can. People with lower income need more support than the wealthy,” said Andrea Kocsis, deputy chair of ver.di, one of the unions organising the protests.

Germany’s parliament on Friday approved the government’s 200 billion euro ($195 billion) rescue package which aims to protect companies and households from the impact of soaring energy prices.

The package includes a one-off payment to cover one monthly gas bill for households and small and medium-sized businesses and a mechanism to limit prices from March.

It will also finance a cap electricity prices for households and industry retroactively from March for spot prices and from December for future prices, with additional funding drawn from electricity companies’ profits.

German inflation in September hit its highest level in more than a quarter of a century at 10.9%, driven up by higher energy costs.

“I would find it better if we distributed in a more just way. There are millionaires saying they want to pay more tax. I’m not seeing anything happening on that front,” said Ulrich Franz, a protester in Berlin.

Source: Reuters
Tags: GermanyProtest
admin-augaf

admin-augaf

Related Posts

Pakistan Textile Exports increased 26 percent to USD 14.26 billion YoY in 9MFY22: APTMA
Business

Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments

August 22, 2025
Gold
Business

Gold Fields Half-Year Profit Triples on Record Prices

August 22, 2025
Pakistan will get back $900 million payment of Reko Diq dispute if conditions not met
Business

ADB To Provide $410 Million For Reko Diq Project

August 22, 2025
Fair Global Consult Fair Global Consult Fair Global Consult
ADVERTISEMENT

Recent News

Pakistan Textile Exports increased 26 percent to USD 14.26 billion YoY in 9MFY22: APTMA

Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments

August 22, 2025
Gold

Gold Fields Half-Year Profit Triples on Record Prices

August 22, 2025
Pakistan will get back $900 million payment of Reko Diq dispute if conditions not met

ADB To Provide $410 Million For Reko Diq Project

August 22, 2025
Moody

Moody’s Upgrade Ratings of Five Pakistani Banks

August 20, 2025
EPQL accept PPIB proposal to operate plant on comingled fuel but at its own cost

EPQL Executed Supplemental Agreement to PPA with CPPA for Additional Gas

August 20, 2025

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Petrol Prices in Pakistan to Return to July 2023 Levels

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments
  • Gold Fields Half-Year Profit Triples on Record Prices
  • ADB To Provide $410 Million For Reko Diq Project

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Pakistan Textile Exports increased 26 percent to USD 14.26 billion YoY in 9MFY22: APTMA

Pakistan’s Textile Exports Surge 32% in July, Led by Value-Added Segments

August 22, 2025
Gold

Gold Fields Half-Year Profit Triples on Record Prices

August 22, 2025
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.