Czech government to support heavy industry despite rising prices –

The government has approved financial aid amounting to 1.2 billion euros to help around 8,000 large companies in the context of rising energy prices.

“Companies that use electricity and gas on a large scale will be eligible for aid totaling 30 billion Czech crowns from November 1,” Prime Minister Petr Fiala (ODS, ECR) said on Wednesday. ).

The aid is intended for manufacturing and metallurgical industries, which are more energy intensive, as well as forestry and agriculture, said Industry and Trade Minister Jozef Síkela (STAN, EPP).

According to Síkela, the program was created on the basis of the so-called temporary crisis framework, which allowed EU countries to immediately support businesses due to high energy prices and anti-Russian sanctions. The maximum aid for energy-intensive companies will be around 8 million euros. The aid will take the form of compensation for losses.

The temporary crisis framework is valid until the end of the year, but according to Fiala, it could be extended for next year.

Czech companies have been waiting for such a support scheme since the beginning of the year.

At the same time, households and small businesses will also benefit from price caps for electricity and gas; announced the government on Monday 12 September.

The new rates will apply from November. Electricity will cost a maximum of €0.25 per kWh; in the case of gas, it will be €0.12 per kWh.

(Aneta Zachová |

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