I have used Hetzner off and on for years, nice products and services.

I don’t care what provider you use, if your business or app use case needs any sort of reliability have a plan for reinstalling code and data on alternate providers quickly as possible.

There are horror stories of people and companies being cut off because of pressure from the US government, or having one of the Google/Microsoft/Amazon tech giants cancelling accounts.

Really, in today’s world, why totally rely on anyone?

EDIT: it seems prudent to maintain a cloud account in Europe, US, and Asia and have a plan for moving application code and data around if required. Outside the US I have mostly only used Hetzner, but Alibaba has impressive looking services.

Price is probably not the only factor in competitiveness.