International tourism exhibition started in Berlin today 7. March 2007 by Thomas Jannot From today until March 11th you are invited to visit the International Tourism Exhibition in Berlin. About 11.000 exhibitors from 184 countries will present their products and services from the world of tourism at this trade fair. This high number of participation reflects the situation of the booming tourism industry. To the general public the …
Bavarian state library shares knowledge with the world 7. March 2007 by Thomas Jannot And also with Google. As the first library in Germany the State Library of Bavaria in Munich co-operates with Google in the latter’s book project. Google has the permission to scan one million out of the ten million books of the Bavarian State Library and make them available on the internet.
Economic and consumer trends in the year 2025 7. March 2007 by Thomas Jannot Quite often trend forecasts are not even worth the paper on which they are written. However, the Swiss Gottlieb Duttweiler Institut (GDI) is well renowned in the world of business for the quality of its forecasts. For this reason, one should have a closer look at the latest GDI trend radar. Who is going to …
Investors will be paid back billions after verdict of European Court of Justice 6. March 2007 by Thomas Jannot Until the year 2001 German investors could credit the corporation tax paid by their company against their own shareholder’s income tax only in those cases in which these companies were based in Germany. Against this legal action was brought by the heirs of an investor at a tax court in Cologne. The Cologne court passed …
Hotel industry with gains of more than 10 percent 6. March 2007 by Thomas Jannot For the German hotel business the year 2006 was a very successful one. According to the hotel benchmark data base by Deloitte, in 2006 RevPAR increased by 10.7% to an average of 55 Euros. Thus, for the first time since the year 2000 there was a double digit annual growth rate which is a material …
Factoring more and more a source of financing to SMEs 5. March 2007 by Thomas Jannot If they are denied a bank loan or if such a loan is too expensive, factoring in many cases is a financing alternative used by an ever increasing number of small and medium-sized entities (SMEs). The factoring volume regarding SMEs amounted to about 1.7 billion Euros in the year 2006 which is approximately 30% more …
Top career workshop for women 5. March 2007 by Thomas Jannot Women are still quite the exception on executive floors in Germany. Therefore, the renowned McKinsey management consultancy and the European Academy for Women in Politics and Business/EAF jointly organize a first class workshop for women with career ambitions. Those interested, however, first have to apply to the organizers given that all costs including those for …
German industrial enterprises most innovative in the EU 3. March 2007 by Thomas Jannot In terms of the innovative strength of its industry Germany is top in the EU as well as in comparison with Asian industrialized countries like Japan or South Korea. The recent “Innovationserhebung 2006” study conducted on behalf of the Federal Ministry for Education and Research revealed that there is no other European country in which …
IFRS draft for SMEs on the table 2. March 2007 by Thomas Jannot Since the beginning of this week a draft by the International Accounting Standards Board (IASB) in London on the future International Financial Reporting Standards (IFRS) for small and medium-sized entities is available for comment. This subject matter is hot, given that the draft is controversial. A summary on the subject is provided by an article …
VAT increase costs seven billion Euros to German companies 2. March 2007 by Thomas Jannot According to estimates by economists of the Deutschen Postbank the VAT increase will cost German companies about seven billion Euros in 2007 which is about 1% of the total amount of corporate earnings and unearned income in 2006. However, thanks to vibrant business activity the economy can easily cope with this, think the experts of …