{"id":552421,"date":"2022-09-04T13:41:25","date_gmt":"2022-09-04T13:41:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/04\/this-evening-finmin-lays-out-criteria-for-amended-customs-tariffs-germany-rolls-out-eur-65-bn-inflation-relief-package\/"},"modified":"2022-09-04T13:41:25","modified_gmt":"2022-09-04T13:41:25","slug":"this-evening-finmin-lays-out-criteria-for-amended-customs-tariffs-germany-rolls-out-eur-65-bn-inflation-relief-package","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/04\/this-evening-finmin-lays-out-criteria-for-amended-customs-tariffs-germany-rolls-out-eur-65-bn-inflation-relief-package\/","title":{"rendered":"THIS EVENING: FinMin lays out criteria for amended customs tariffs + Germany rolls out EUR 65 bn inflation relief package"},"content":{"rendered":"

Good afternoon, wonderful people.<\/strong> It\u2019s a slow-ish start to this first work week of September, but we anticipate the news cycle to pick up soon.<\/p>\n

THE BIG STORY TODAY<\/strong><\/p>\n

<\/a> The Finance Ministry has laid out the executive criteria for industry players<\/strong> looking to benefit from the amended customs tariffs<\/strong> approved<\/a> by the House of Representatives in June, according to a cabinet statement<\/a>. The criteria varies depending on the industry in question, but the general tune requires factory and establishment owners to provide additional transparency \u2014 in the form of letters and receipts \u2014 clarifying the purpose of their imports, attached with their customs declaration forms.<\/p>\n

THE BIG STORY ABROAD<\/strong><\/p>\n

<\/a> Germany unveils EUR 65 bn relief package to cope with rising inflation and<\/strong> energy prices<\/strong>, in the midst of Europe's harshest energy crisis in decades, the Associated Press<\/a> reports. The announcement comes a day after Russiaindefinitely froze<\/a> gas deliveries to Europe\u2019s largest economy via its Nord stream natural gas pipeline. \u201cRussia is no longer a reliable supplier of energy,\u201d German Chancellor Olaf Scholz said as he announced the details of the package. The measures include a one-time payment to pensioners and students to help cover rising energy expenses and plans for a price cap on a basic amount of energy usage for families and individuals. This brings the country\u2019s total amount of relief since the start of the Ukraine War to around EUR 100 bn, France24<\/a> reported.<\/p>\n

The story is getting a lot of ink in the international business press<\/strong>, including: Bloomberg<\/a> | Wall Street Journal<\/a> | Reuters<\/a><\/p>\n

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** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM<\/strong>:<\/p>\n