Profit sharing in one out of four companies 19. December 2007 by Thomas Jannot While policy makers are still discussing complicated models as to how let employees participate in the profits generated, many companies have already found simpler solutions. About one quarter of German industrial companies and industrial service providers couple certain salary components to the business situation of the company in question. This finding was revealed by a …
Quarterly turnover in handicraft business up by 1.2 percent 19. December 2007 by Thomas Jannot According to provisional figures by the Federal Statistical Office, the number of employees in handicraft businesses, which are subject to authorization, increased by 0.2% as of end of September 2007 as compared to September 2006. At the same time turnover generated by handicraft companies in the third quarter this year increased by 1.2% in comparison …
Tribute to Germany´s best trainees 17. December 2007 by Thomas Jannot On Wednesday last week the Association of German Chambers of Industry and Commerce (DIHK) awarded Germany´s 231 best trainees in the Berlin Palais at the foot of the broadcasting tower. All of these trainees past their exams with first-class results.
Turnover in hotel and restaurant industry down by 3.2 percent 17. December 2007 by Thomas Jannot According to the Federal Statistical Office, in October 2007 turnover in the German hotel and restaurant industry combined was 0.7% lower in nominal and 3.2% lower in real terms as compared to October last year. In comparison to September this year, turnover fell by 0.9% in nominal and real terms.
Number of informatics students rising 17. December 2007 by Thomas Jannot According to the Federal Statistical Office, the number of freshmen wishing to study computer sciences is rising again after years of stagnation at a low level. In the winter term 2007/2008 about 30.300 young people took up an informatics study course. After the number of informatics freshmen had peaked in the year 2000 with about …
Germany´s most important export goods 14. December 2007 by Thomas Jannot According to the Federal Statistical Office, seven product groups – motor vehicles, mechanical and chemical products, iron and steel products, foodstuffs, electronic goods and telecommunication devices- accounted for about half of the German foreign trade volume in 2005. The first three above-mentioned product groups alone (motor vehicles, mechanical engineering and chemical products) account for one …
OECD forecast 2.1% economic growth for 2008 14. December 2007 by Thomas Jannot In its economic forecast which was presented last week the Organistion for Economic Co-operation and Development (OECD) forecast a continuation of the worldwide economic upswing, even though this will be slightly less intensive than so far. Despite considerable risks posed by the slowdown on real estate markets, turbulences on the financial markets and high raw …
SMEs very import economic factor in China too 14. December 2007 by Thomas Jannot Not only in Germany, but also in China small and medium-sized entities (SMEs) play in important role for the development of the national economy and the labour market as well as for innovation. This fact was not announced by some Western economist or policy maker, but by Ou Xinqian, who is deputy director of the …
Economic prospects increasingly cloudy according to ZEW 12. December 2007 by Thomas Jannot According to the Centre for European Economic Research (ZEW), the economic prospects for Germany once more became more pessimistic in December and currently amount to 37.2 points after 32.5 points in the previous month. Thus, these are still significantly below a historic mean value of 31.4 points. Financial experts have identified clear risks with regard …
Fed lowers key interest rate to 4.25 percent 12. December 2007 by Thomas Jannot Yesterday the Council of the US Federal Reserve lowered the key interest rate by 0.25 percent to 4.25% which is the third reduction in a row after more than one year of unchanged rates. Investors had hoped for a stronger reduction so that the Fed´s decision had a negative effect on the stock exchanges. The …