Anuga 2007 food fair focuses on export markets 11. October 2007 by Thomas Jannot Two-digit growth rates in exports by the German food industry illustrate a trend which is marked by an international expansion of the German food industry. In 2006 there was a record turnover in this industry amounting to 32.1 billion Euros thereby clearly surpassing the 30 billion Euro barrier for the first time. This year´s Anuga …
German foreign trade without summer break 11. October 2007 by Thomas Jannot Without taking a summer break the German foreign trade continues flourishing and showed impressive two-digit growth rates in August too. This was announced yesterday by the German Association for wholesale and foreign trade (BGA) on the occasion of the publication of foreign trade figures. Exports to EU countries not forming part of the Eurozone grew …
Germany more and more attractive for tourist industry 10. October 2007 by Thomas Jannot Last year the tourism industry celebrated a new record registering 351.4 million overnight stays. Most overnight stays (298.3 million) are accounted for by German tourists, while foreign tourists book about 15% of them. The top ten of the destinations are Berlin, Munich, Hamburg, Frankfurt, Cologne, Dresden, Dusseldorf, Stuttgart, Nuremberg and Leipzig. This is the finding …
Internet becomes bank branch in its own right 9. October 2007 by Thomas Jannot The internet is more and more becoming a branch bank in its own right. In the year 2006 one third (32%) of all Germans aged between 16 and 74 managed their bank accounts online which is a plus of 6 percent as compared to the year 2004 (26%). In 2007 this percentage is expected to …
EU accepts German title of master craftsman 9. October 2007 by Thomas Jannot According to the German Ministry for economic affairs, EU member states have agreed by a large majority on upgrading the German title of master craftsman within the system of European training qualifications. Thus, EU legislation has finally come to explicitly acknowledge the high qualification of German master craftsmen.
Approximately 800 million Euros spent on online ads 9. October 2007 by Thomas Jannot The German online advertising market is growing at a breathtaking pace and in 2007 could generate turnover totalling 800 million Euros for the first time ever. Already over the first three quarters of 2007 turnover generated through banners, pop-ups or video clips hit a new record high of 627 million Euros which is 68% more …
Number of insolvencies unchanged in July 8. October 2007 by Thomas Jannot According to the Federal Statistical Office, German bancruptcy courts registered 2361 company insolvencies in July 2007 which is 0.7% less than in July last year. On the other hand, however, the number of private insolvencies kept rising: there were 9501 cases in July this year which is an increase by 21.2% compared to July last …
Munich is Germans´ favourite place of residence 8. October 2007 by Thomas Jannot Munich, Hamburg and Berlin are Germany´s most cherished cities when it comes to one´s own four walls. To singles and seniour citizens Bavaria´s capital is the unrivalled favourite. This is the finding of the most recent real estate trend study conducted by PlanetHome.
Direct debit system most popular with online shoppers 5. October 2007 by Thomas Jannot Direct debit is the payment method most used for internet shopping. 38% of Germans have at least once used this method when shopping on the internet. The following most popular payment methods are on account (29%), credit card (20%) and cash on delivery (17%). Online payment systems such as Paypal or T-Pay are used to …
Key interest rate unchanged at 4.0 percent 5. October 2007 by Thomas Jannot At it´s meeting yesterday the European Central Bank (ECB) in Vienna decided to leave the three most important key interest rates unchanged at 4.0, 5.0 and 3.0%. At a press conference in the afternoon Jean-Claude Trichet, the ECB´s president, gave the reasons for this step.