GDP of EU up by 0.4% in fourth quarter 2007 18. February 2008 by Thomas Jannot According to the European Statistical Office (Eurostat), GDP increased by 0.4% in the Eurozone (EZ13) and by 0.5% in the EU27 in the fourth quarter 2007 as compared to the third quarter last year. In the third quarter last year the growth rate had been +0.8% in both the Eurozone and the EU27.
German economy grew once more in the 4th quarter 15. February 2008 by Thomas Jannot As was reported by the Federal Statistical Office, the German economy grew also in the fourth quarter of 2007. Economic growth, however, was less dynamic than in the previous quarter. Thus, GDP grew by just 0.3% after adjustments for price, season and calendar in the fourth quarter of 2007. In the third quarter growth had …
Germany leading in terms of innovation efficiency 15. February 2008 by Thomas Jannot Germany, Denmark, Finland, Sweden and Great Britain are the most innovative countries in the EU. As was published in the European Innovation Scoreboard (EIS) for 2007, these countries are global leaders together with the US and Japan. For the first time, the report also evaluated the so-called innovation efficiency. In this category, the leading countries …
Number of breweries stagnating 15. February 2008 by Thomas Jannot According to the Federal Statistical Office, in the year 2007 there were 1302 breweries in Germany. About half of these (627) were based in Bavaria. Another 182 breweries were located in Baden-Württemberg and 116 in North Rhine-Westphalia. Since the middle of the 90s the number of breweries has virtually remained unchanged.
Award ceremony for German leading companies 15. February 2008 by Thomas Jannot Three leading European companies were honoured on Wednesday with the “Best of European Business Award” (BEB). The award ceremony in Berlin marks the end of the German phase of this competition the best companies at the European level of which will be awarded on February 21st and 22nd in Brussels. This award was invented by …
Economic outlook slightly brighter according to the ZEW 14. February 2008 by Thomas Jannot The Centre for European Economic Research (ZEW) gives an all-clear signal: economic prospects in February improved which signals that the current crisis does not trigger a downward spiral of the German economy. This is reflected by the increase of the ZEW`s economic outlook index by 2.1 points in February. Thus, this index currently stands at …
Tax burden down by 7 percent in Germany 14. February 2008 by Thomas Jannot By carrying out a company tax reform Germany moved one step ahead. This is underlined by an analysis by the Institute for the German Economy (IW) in Cologne. According to this analysis, the average tax rate for a company which makes optimal use of depreciation regulations fell from 36.0 to 28.9% as a consequence of …
Germany’s most successful companies awarded 13. February 2008 by Thomas Jannot In Berlin the renowned Roland Berger consulting firm today awards successful German companies with the “Best of European Business Award” (BEB). For the third time this European-wide contest takes place in Germany. All in all there are more than 6000 companies from Germany, France, Great Britain, Italy, Spain, Poland and Portugal taking part. A national …
Financial crisis leads to more acquisitions by foreign companies in Germany 13. February 2008 by Thomas Jannot The international financial crisis increasingly affects the German market for mergers and acquisitions (M&A). According to the Angermann M&A International consulting firm, it is not likely that there will be an increase in M&A activities by German small and medium-sized entities (SMEs). However, it is expected that in view of falling company prices here in …
Germany for the last time leading exporting country 12. February 2008 by Thomas Jannot As was reported by the Federal Statistical Office on the basis of provisional figures, Germany exported goods to the value of 969.1 billion Euros and exported 770.4 billion worth of goods in 2007. Thus, German exports increased by 8.5% and imports by 5.0% last year as compared to the year 2006. All in all the …