German energy prices are so high that some companies are considering leaving the country altogether, according to Siegfried Russwurm, head of the German Industry Federation .
"A lot of family-owned companies ... have very operational plans to relocate," Russwurm said, adding that the current business conditions in Germany had created a "cocktail" of obstacles for companies. Economy Minister Robert Habeck addressed the issue of companies looking to move elsewhere in his speech on the second day of the BDI's Day of Industry conference in Berlin on Tuesday.
"We want the industry ... to stay home in Germany and be given a transformation perspective. The industry electricity price is intended for this," Habeck said at a press conference on May 22.said Germany's energy crisis was "more or less solved"