State releasing 3.5 billion crowns to help energy-intensive companies

The state will release 3.5 billion crowns to help energy-intensive companies deal with increased energy costs in 2024, Prime Minister Petr Fila announced after Wednesday’s cabinet session. The support is to be directed to companies with large consumption such as steelworks, glassworks or packaging plants. Industry leaders have called for help from the state due to the high growth of regulated energy prices. They fear that a threefold increase in energy costs for some companies would weaken the competitiveness of the domestic industry.