Volume of financial investment halved by economic crisis 14. January 2009 by Thomas Jannot In the year 2008 there was significantly less financial investment in Germany as compared to 2007. The investment volume fell by 50% from 30 billion to 15 billion Euros and the number of financial transactions decreased by 8% to 165. This is the finding of a study by the Ernst & Young advisory firm. The …
Congress to inform about application of Open Source Software 14. January 2009 by Thomas Jannot Open-Source-Software (OSS) is a software alternative to the software of traditional software manufacturers in particular for small and medium-sized entities and should therefore be taken into account by these. Furthermore, an always growing number of manufacturing businesses have recently turned to the OSS model. But is OSS suitable for business applications? This question is soon …
3.4 percent less business insolvencies 13. January 2009 by Thomas Jannot In October last year the number of insolvencies in Germany once again decreased significantly. Local courts registered in total 13,286 insolvencies, 2457 of which business insolvencies. This figure represents a decrease by 3.4% as compared to October in 2007. The number of private insolvencies also fell to 8571 which is 5.2% less than the year …
Purchase manager index hit record low 13. January 2009 by Thomas Jannot The Markit/BME purchase manager index (EMI) is an early indicator in order to predict the development of the German economy. This index has been compiled each month since 1996 in the course of surveys. In December 2008 this index was at its lowest point in its entire history. It fell by 3.0 points to 32.7 …
Purchase prices in European industry down 12. January 2009 by Thomas Jannot The purchase price index in industry for the Eurozone (EZ15) and the EU27 fell by 1.9% and 2.1% respectively in November 2008 as compared to October 2008. In October the respective changes as compared to September had been -0.8% and -1.1%. In comparison with November 2007 purchase prices increased by 3.3% and 4.1% in the …
Experienced entrepreneurs support young managers 9. January 2009 by Thomas Jannot Young entrepreneurs will meet experienced business managers for a common strategy meeting in Berlin next Saturday. This meeting is organized by the Mercedes-Benz bank and the Entrepreneurs’ Organization (EO) and will take place as part of the “Accelerator Programme” of the EO. The basic idea of this international project is the conviction that experienced older …
Sharp drop in German exports in November 2008 8. January 2009 by Thomas Jannot According to the Federal Statistical Office, German exports dropped by 11.8% in November last year as compared to November in 2007 and totalled 77.1 billion Euros. Imports decreased slightly by just 0.9% (to 67.4 billion Euros). In comparison with October exports and imports fell by 10.6% and 5.6% respectively in November 2008 after adjustments for …
Additional sponsorship for female business founders 8. January 2009 by Thomas Jannot Almost all experts agree on the necessity for more new businesses to be set up in Germany. Women business founders provide an enormous potential which has so far hardly been used. Even though, according to figures by the KfW bank, almost 37% of new businesses are currently set up by women, the potential is by …
In November 2008 stagnating employment in Germany 7. January 2009 by Thomas Jannot In November 2008 employment in Germany still grew, but at a significantly smaller rate than in the months before. According to provisional data provided by the Federal Statistical Office there were 40.83 million gainfully employed people in Germany in November 2008 which is an increase by half a million as compared to November 2007 or …
Inflation rate in Eurozone at 1.6% in December 7. January 2009 by Thomas Jannot In December 2008 the average price increase in the Eurozone (EZ15) amounted to 1.6% as compared to December 2007. This is the current estimate by the experts of the European Statistical Office (Eurostat). In November the inflation rate had been 2.1%. The inflation rate in the Eurozone is established on the basis of the consumer …