SMEs very popular in Germany 19. February 2008 by Thomas Jannot Major companies and the top-managers thereof receive bad marks from Germans. Just 7% of the German population have confidence in what major companies do. On the other hand, 90% of Germans strongly believe in the work of small and medium-sized entities (SMEs). This was the finding of a representative survey carried out by forsa.
Slight decrease in business insolvencies in Europe 19. February 2008 by Thomas Jannot The number of business insolvencies has been falling for several months, and not only in Germany. In the EU15 countries plus Norway and Switzerland the number of bankruptcies has been declining over the past three years and reached just 129.800 in the year 2007. One year earlier, there had been 6930 more insolvencies which corresponds …
4.2 billion Euros foreign trade deficit for Eurozone 18. February 2008 by Thomas Jannot According to estimates by the Statistical Office of the EU (Eurostat), there was as foreign trade deficit amounting to 4.2 billion Euros in December 2007 in the Eurozone (EZ13). One year earlier, in December 2006, the EZ13 had generated a surplus of 2.4 billion. In November 2007 there had been a surplus of 3.0 billion …
GDP of EU up by 0.4% in fourth quarter 2007 18. February 2008 by Thomas Jannot According to the European Statistical Office (Eurostat), GDP increased by 0.4% in the Eurozone (EZ13) and by 0.5% in the EU27 in the fourth quarter 2007 as compared to the third quarter last year. In the third quarter last year the growth rate had been +0.8% in both the Eurozone and the EU27.
German economy grew once more in the 4th quarter 15. February 2008 by Thomas Jannot As was reported by the Federal Statistical Office, the German economy grew also in the fourth quarter of 2007. Economic growth, however, was less dynamic than in the previous quarter. Thus, GDP grew by just 0.3% after adjustments for price, season and calendar in the fourth quarter of 2007. In the third quarter growth had …
Germany leading in terms of innovation efficiency 15. February 2008 by Thomas Jannot Germany, Denmark, Finland, Sweden and Great Britain are the most innovative countries in the EU. As was published in the European Innovation Scoreboard (EIS) for 2007, these countries are global leaders together with the US and Japan. For the first time, the report also evaluated the so-called innovation efficiency. In this category, the leading countries …
Number of breweries stagnating 15. February 2008 by Thomas Jannot According to the Federal Statistical Office, in the year 2007 there were 1302 breweries in Germany. About half of these (627) were based in Bavaria. Another 182 breweries were located in Baden-Württemberg and 116 in North Rhine-Westphalia. Since the middle of the 90s the number of breweries has virtually remained unchanged.
Award ceremony for German leading companies 15. February 2008 by Thomas Jannot Three leading European companies were honoured on Wednesday with the “Best of European Business Award” (BEB). The award ceremony in Berlin marks the end of the German phase of this competition the best companies at the European level of which will be awarded on February 21st and 22nd in Brussels. This award was invented by …
Economic outlook slightly brighter according to the ZEW 14. February 2008 by Thomas Jannot The Centre for European Economic Research (ZEW) gives an all-clear signal: economic prospects in February improved which signals that the current crisis does not trigger a downward spiral of the German economy. This is reflected by the increase of the ZEW`s economic outlook index by 2.1 points in February. Thus, this index currently stands at …
Tax burden down by 7 percent in Germany 14. February 2008 by Thomas Jannot By carrying out a company tax reform Germany moved one step ahead. This is underlined by an analysis by the Institute for the German Economy (IW) in Cologne. According to this analysis, the average tax rate for a company which makes optimal use of depreciation regulations fell from 36.0 to 28.9% as a consequence of …