Football World Cup was not an economically driving force 19. April 2007 by Thomas Jannot The often cited economic miracle of the Football World Cup is just a myth, say economists Karl Brenke and Gert G. Wagner of the German Institute for economic research. Even though the organizers, FIFA and the German Football Association, earned millions of Euros, the macroeconomic effect is said to have been quite limited.
Most SMEs look for graduates of technical study courses 19. April 2007 by Thomas Jannot About two thirds of all vacancies in Germany address graduates from technical study courses. Economic and IT experts, however, are less sought after by companies. Only one in four companies plan to hire an economic or social expert and only one in five companies look for computer experts. Particularly many vacancies are provided by small …
Companies honoured for energy savings 18. April 2007 by Thomas Jannot Three innovative companies were honoured with the international “Energy Efficiency Award” for exemplary projects aimed at increasing energy efficiency by Mr. Michael Glos, Federal Minister for the environment. This prize is awarded by the Deutsche Energie-Agentur (dena) in co-operation with Deutsche Messe.
Smaller surplus in balance of current accounts in February 17. April 2007 by Thomas Jannot According to the German Bundesbank there was a surplus of 8.4 billion Euros in the German balance of current accounts in February 2007. This is 2.8 billion Euros less than in January this year. The reasons for this are a smaller active balance in the balance of trade and higher negative balances in other parts …
German mechanical engineers in second place worldwide 16. April 2007 by Thomas Jannot According to the Verband Deutscher Maschinen- und Anlagenbau (VDMA) Germany was the second most important manufacturer of machinery and equipment worldwide in 2006. Exports reached a record high of 122.8 billion Euros. The number of machinery and equipment produced worldwide amounted to almost 1.3 billion Euros in 2006 which corresponds to an increase by 8.5 …
4.2 million websites contaminated with malware 16. April 2007 by Thomas Jannot The »State of Internet Security Report« by the Webroot Software Inc. indicates an increase in malware which at the same time becomes technically more and more sophisticated. According to the study, 43% of companies questioned already suffered from a disruption of their business operations due to malware which has already contaminated 4.2 million websites.
Consumer prices increased considerably in March 2007 16. April 2007 by Thomas Jannot In March 2007 consumer prices rose stronger than in previous months. According to the Federal Statistical Office the increase in the period from March 2006 to March 2007 was 1.9%. Compared to January 2007 the difference was +0.3%.
Inland revenue record in March 2007 16. April 2007 by Thomas Jannot German tax offices in March received as much revenue from taxes as never before. Revenue from federal and state taxes (without local taxes) rose by 6.4% as compared to March 2006 and amounted to 38.38 billion Euros. According to experts the reason is to be found in a combination of VAT increase, economic revival and …
Manufacturing industry main pillar of German GDP 13. April 2007 by Thomas Jannot Ahead of the Hannover Show the Federal Statistical Office reported that almost one quarter of the German GDP is generated by the manufacturing industry. The respective gross value added amounted to 490 billion Euros in 2006 which corresponds to 24% of total GDP.
Exports of new cars up by 4 percent 13. April 2007 by Thomas Jannot According to the Federal Statistical Office in the year 2006 the number of German cars exported amounted to 4.2 million to a total value of 87.1 billion Euros. This corresponds to a 4% increase as compared to the previous year and a plus of 7.4% on a value basis. 2.7 million of the total amount …