Germany gets EU approval for industry energy support

Germany has received approval from the European Union to implement a €3.8 billion energy cost support package for its heavy industry. This aid package, exceeding initial expectations, aims to alleviate the financial burden of high energy prices on industrial sectors. The EU's clearance allows Germany to proceed with measures designed to maintain industrial competitiveness amidst volatile energy markets. This intervention is crucial for supporting key industries and ensuring their continued operation and economic contribution within Germany and the broader EU.