Foreign trade prize awarded for the first time to handicraft company 20. November 2007 by Thomas Jannot The Waldkircher Orgelbau Jäger & Brommer company is the first handicraft company which is awarded the German foreign trade prize. This prize is conferred upon small and medium-sized entities (SMEs) which distinguish themselves through particularly successful international business activities. This year the prize competition was also open to handicraft and engineering services so that for …
Investment by industry hit five-year record high in 2006 20. November 2007 by Thomas Jannot In the year 2006 the German industry invested 49 billion Euros which is 3.4 billion or 7.4% more as compared to 2005. Back in 2005 investment had even decreased by 4.9%. Thus, according to the Federal Statistical Office, in 2006 the highest investment volume in five years was registered in the German industry.
Tchibo is Germany´s most renowned retail brand name 20. November 2007 by Thomas Jannot Tchibo, Aldi, Ikea and dm are Germany´s most important retail brand names. In a cross-sectoral ranking of 80 trade companies carried out by the BBDO Consulting management consultancy, Tchibo came first with a brand name index of 7.62 (on a scale from 1 to 10) followed closely by the Aldi discounter (7.54) and the Swedish …
EU master course for entrepreneurs 20. November 2007 by Thomas Jannot Four universities from Germany, France, Great Britain and Hungary have initiated a European project which makes employees of small and medium-sized entities (SMEs) familiar with the EU´s economic structure and which confers upon them a Master´s diploma on the successful completion of the course.
Number of jobs in processing industry increased by 1.9% in September 19. November 2007 by Thomas Jannot At the end of September 2007, German processing companies with at least 50 staff employed almost 5.3 million people. According to the Federal Statistical Office this corresponds to an increase of 98.000 people or 1.9% as compared to September 2006. The number of hours worked, however, fell by 0.4% to 673 million as compared to …
More funds made available to German aircraft industry 19. November 2007 by Thomas Jannot The budget committee of the Lower House of German Parliament recently set the course for more intensive research in the German aircraft industry. Research funds are to be increased by 150 million Euros to a total of 401 million Euros for the period from 2009 to 2013. One objective is to leave the light metal …
Consumer prices up by 2.4% in October 15. November 2007 by Thomas Jannot According to the Federal Statistical Office, the German consumer price index increased by 2.4% in the period from October 2006 to October 2007. As compared to September 2007, consumer prices increased by 0.2% by October this year.
Turnover in the hotel and restaurant industry down by 5.7% in September 15. November 2007 by Thomas Jannot According to the Federal Statistical Office, in September 2007 turnover in the German hotel and restaurant industry was 3.0% and 5.7% lower in nominal and real terms respectively as compared to September last year. Compared to August 2007 turnover fell by 1.8% and 2.0% in nominal and real terms respectively.
Five weaknesses of Chinese companies operating abroad 14. November 2007 by Thomas Jannot The Roland Berger Strategy Consultants have identified five decisive factors which determine the success of Chinese companies operating abroad. In what way may German small and medium-sized entities (SMEs) benefit from this knowledge? Well, everybody who knows these five factors also knows the weaknesses of those Chinese companies which are competitors to German SMEs.
Export generates 200,000 new jobs 13. November 2007 by Thomas Jannot The German economy is benefiting from more and more foreign activities by German companies. This was revealed by the “Going International 2007” survey conducted by the Association of German Chambers of Industry and Commerce (DIHK). As was shown in the survey, the export industry alone generated about 200,000 additional jobs since July 2006. Increasing investment …