SMEs important drivers of economic growth in China 30. July 2007 by Thomas Jannot Small and medium-sized entities are contributing the lion share to economic growth also in China. They produce 68% of all Chinese exports which is much more than in other countries. Given that Chinese exports are growing twice as much as the Chinese economy as a whole, small and medium-sized entities (SMEs) generate the lion share …
China takes over from Germany as export world champion 30. July 2007 by Thomas Jannot According to the Association of German Chambers of Commerce and Industry (DIHK) German exports will increase by just 8% in 2007 (after 14% in 2006). For 2008 experts forecast an increase by 9% and an export value exceeding one trillion Euros. However, China is set to take over from Germany as the world’s leading exporting …
Half of all SMEs consider rating to be useful 30. July 2007 by Thomas Jannot Opinions on credit assessments which were introduced in the course of Basel II are divided among German small and medium-sized entities (SMEs). The »MIND – SMEs in Germany« study which is regularly conducted by the Deutsche Sparkassen- und Giroverband (DSGV) and the »impulse« business magazine revealed that fifty percent of the more than 500 company …
New EU-wide legal form for proprietary company 30. July 2007 by Thomas Jannot Proprietary companies are to be defined in a uniform way throughout the EU. Therefore the European Commission considers the introduction of uniform rules and regulations for the „European proprietary company«. The new legal form is to facilitate cross-border business in particular to small and medium-sized entities.
Consumer prices rose considerably in July 2007 30. July 2007 by Thomas Jannot According to the Federal Statistical Office the German consumer price index for Germany will probably rise by 1.9% in July this year as compared to July 2006. In June this year the annual increase was 1.8%. As compared to June 2007 prices rose by 0.4% in July 2007.
Manager salaries to be checked more 30. July 2007 by Thomas Jannot The EU Commission advocates more involvement of shareholders in determining the salaries of top managers. In this context two reports were presented which both come to the conclusion that even though corporate governance standards are being applied they are not used frequently enough.
Two thirds of Germans have an email address 25. July 2007 by Thomas Jannot One cannot really image today´s world without electronic mail. Two thirds of people over the age of 14 (61%) have an email address. There are hardly differences between West (62%) and East Germany (57%), but between genders. Men much more often have an email address (69%) than women (53%). The diffusion of email has consequences …
Economic situation in Central and Eastern Europe unchanged 25. July 2007 by Thomas Jannot A survey by the Centre for European Economic Research (ZEW) in Mannheim and the Erste Bank der österreichischen Sparkassen in Vienna suggests that the economic situation in the countries of Central and Eastern Europe will hardly change over the next six months. Those questioned said that the current state of the economy is good.
In Hesse the purchasing power is highest in Germany 25. July 2007 by Thomas Jannot According to a study of the Acxiom marketing company the entire purchasing power volume for Germany in 2007 will presumably amount to 1.522 trillion Euros. This is an increase by almost 30 billion Euros or by 2% as compared to last year. Thus, each German citizen in 2007 has on average 18.468 Euros at their …
Distinct rise in import prices in June 25. July 2007 by Thomas Jannot According to the Federal Statistical Office, the import price index for June 2007 was 1.3% higher than in June last year. This increase in June is higher than in May and April 2007 when import prices had increased by just 0.6% and 0.5% respectively as compared to the same periods in 2006. As compared to …