BERLIN, Nov. 9 (Xinhua) -- The German government presented a package of measures on Thursday to support the country's industry by reducing electricity prices over the next five years.
In 2024 alone, the relief offered to the country's manufacturing companies will total 12 billion euros (12.84 billion U.S. dollars). "This is very good news for Germany as a business location," German Chancellor Olaf Scholz said in a statement.
