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Minister: Great economic dangers of the Ukraine war

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Lower Saxony and Bremen
Minister: Great economic dangers of the Ukraine war

Hannover (dpa/lni) – Due to the war in Ukraine, Lower Saxony’s Economics Minister Bernd Althusmann sees great dangers for the state economy. “If we discuss the whole issue until next year, reality will overtake us and thousands of companies in Lower Saxony and Germany will hit a wall. We have to prevent that,” the CDU politician told the state parliament on Wednesday. He warned of possible double-digit inflation and a rise in bankruptcies.

Large companies in Lower Saxony, such as Volkswagen, are also affected by the lack of deliveries of wiring harnesses.

In view of huge fuel price increases, Althusmann also sees dangers for local public transportation and school transportation. It is unclear how long the diverse range and reliability can be maintained under these conditions.

The Lower Saxony state parliament recently extended the Corona rescue package for local public transport. “We are making at least 120 million euros available again from the Corona special fund for this year. With this, we are compensating for the loss of revenue of public transport providers that arose from the reduction in passengers during the pandemic,” the politician said. transport of the SPD. Frank Henning said Tuesday. The money will also be used to guarantee school transportation.


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