Staff members provide living necessities to people from Ukraine at Berlin Central Train Station in Berlin, capital of Germany, March 3, 2022. (Photo by Stefan Zeitz/Xinhua)
Across all industries, nine out of ten companies said that the rising costs of energy had a noticeable effect on their operations.
BERLIN, March 18 (Xinhua) -- Seventy-eight percent of German companies feel the impact of the Ukraine crisis, according to a survey published by the Association of German Chambers of Commerce and Industry (DIHK) on Friday.
Rising prices or disrupted supply chains were reported by 60 percent of the companies surveyed, and 18 percent said they were directly affected through the loss of customers or suppliers. The survey was conducted among 3,700 companies.
Across all industries, nine out of ten companies said that the rising costs of energy had a noticeable effect on their operations.
A price board is seen at a gas station in Berlin, capital of Germany, March 11, 2022. (Xinhua/Shan Yuqi)
"This effect is reaching the entire economy with full force," said DIHK Managing Director Martin Wansleben. Even before the Ukraine crisis, around two-thirds of all German companies considered the increase in energy prices a risk to their development.
Two-thirds of the companies surveyed said that they had already responded to the cost pressure by passing on the price increases to customers.
According to the Federal Statistical Office (Destatis), in 2021 the prices of energy products increased by 10.4 percent year-on-year in Germany after a 4.8-percent decrease in 2020.
A customer looks on a screen displaying the cost as he fuels a vehicle at a gas station in Berlin, capital of Germany, March 11, 2022. (Xinhua/Shan Yuqi)■
