Germany remains an attractive location despite Nokia closedown 16. January 2008 by Thomas Jannot In the eyes of international investors Germany is one of the most attractive business locations worldwide. This was revealed in recent surveys among international managers as well as by studies carried out by renowned consulting firms. Encouraging figures published today demonstrating the sustainable economic growth in Germany also testify to a positive and competitive economic …
European alliance on electronic cash forged 16. January 2008 by Thomas Jannot Almost all businesses in Germany nowadays accept cashless payment by ec-card. Most small and medium-sized businesses in Germany meanwhile also accept electronic cash by ec-card. In future German consumers will be able to pay as comfortably elsewhere in Europe as they pay at home in Germany.
Additional money for international co-operations 15. January 2008 by Thomas Jannot As of today small and medium-sized entities (SMEs) and research institutes once again have the opportunity to apply for subsidy funding for international co-operations in the field of technology within a “EraSME Joint Calls” programme. Project proposals from all fields of technology are admitted. The funding for such projects which amount up to 10 million …
German government promotes hydrogen technology 15. January 2008 by Thomas Jannot The Federal Ministry for Transport will provide 500 million Euros over a period of ten years for the preparation of the market introduction of the hydrogen and fuel cell technology. This initiative is part of a national innovation programme for the hydrogen and fuel cell technology.
8 percent more overnight stays in November 14. January 2008 by Thomas Jannot German tourism is gaining momentum: According to provisional calculations by the Federal Statistical Office, hotels with at least nine beds and camping sites registered 22.9 million overnight stays in November 2007 which is a 8 percent increase in comparison with November 2006. As compared with October 2007 the number of overnight stays increased by +2%.
Number of company insolvencies keeps falling 14. January 2008 by Thomas Jannot According to the Federal Statistical Office, German local district courts reported 9442 private consumer insolvencies and 2732 company insolvencies in October 2007. Thus, private insolvencies increased only slightly in October (+0.9%) while a trend of less companies going bankrupt was continuing (-10.3% in October 2007).
50 Euro banknote is most popular target of counterfeiters 12. January 2008 by Thomas Jannot In the first half of 2007 the German Bundesbank confiscated 20,540 counterfeited banknotes which is an increase by about 4% in comparison to the first half of 2007. In Germany the banknote most counterfeited is the 50 Euro banknote. There has been an increase in the number of forged 100-Euro and 200-Euro banknotes. The forged …
Key interest rate unchanged at 4 percent 11. January 2008 by Thomas Jannot Yesterday the Council of the European Central Bank (ECB) decided to leave the three key interest rates at 4.00 %, 5.00 % and 3.00 % respectively.
Economic upswing in the EU loses momentum 10. January 2008 by Thomas Jannot The Eurozone´s GDP expressed in real terms increased significantly in the third quarter of 2007 after it had grown only slightly in the second quarter. However, the prospects for future economic development are less bright due to continuing turbulences on financial markets and high inflation resulting from higher crude oil prices. These forecasts were made …
German exports increased significantly in November 10. January 2008 by Thomas Jannot In November 2007 Germany exported goods worth 87.8 billion Euros. Imports amounted to 68.5 billion Euros. Thus, in November German exports were up by 3.2% and imports by 2.3% as compared to November 2006. However, these and the following figures provided by the Federal Statistical Office are for the time being just provisional.