Germany’s most successful companies awarded 13. February 2008 by Thomas Jannot In Berlin the renowned Roland Berger consulting firm today awards successful German companies with the “Best of European Business Award” (BEB). For the third time this European-wide contest takes place in Germany. All in all there are more than 6000 companies from Germany, France, Great Britain, Italy, Spain, Poland and Portugal taking part. A national …
Financial crisis leads to more acquisitions by foreign companies in Germany 13. February 2008 by Thomas Jannot The international financial crisis increasingly affects the German market for mergers and acquisitions (M&A). According to the Angermann M&A International consulting firm, it is not likely that there will be an increase in M&A activities by German small and medium-sized entities (SMEs). However, it is expected that in view of falling company prices here in …
Germany for the last time leading exporting country 12. February 2008 by Thomas Jannot As was reported by the Federal Statistical Office on the basis of provisional figures, Germany exported goods to the value of 969.1 billion Euros and exported 770.4 billion worth of goods in 2007. Thus, German exports increased by 8.5% and imports by 5.0% last year as compared to the year 2006. All in all the …
German tourism industry grew by 3 percent in 2007 12. February 2008 by Thomas Jannot Last year was a good year for tourism. In Germany the number of overnight stays by tourists amounted to 361.9 million last year. This figure includes overnight stays in accommodation places with at least nine beds and those at camping sites. The number of overnight stays increased by 3% in comparison with the year 2006.
Central European contact point for SMEs launched 11. February 2008 by Thomas Jannot The EU operates a new service network for companies: The “Enterprise Europe Network” unites all important contacts in the field of business aid programmes to form an one-stop-service. This is to support in particular small and medium-sized entities (SMEs). The network is made up of more than 500 European organisations.
German companies relocating abroad 9. February 2008 by Thomas Jannot According to the Federal Statistical Office, about 14% of German companies with at least 100 employees relocated some of their business activities abroad in the period between 2001 and 2006. 4% are at least planning to relocate by the end of the year 2009. About 60% of these companies chose the twelve new EU member …
Bavaria’s economy growing the fastest 9. February 2008 by Thomas Jannot Among all German Federal Laender the economy of Bavaria grew the fasted last year. This was found out by the Arbeitskreis Volkswirtschaftliche Gesamtrechnung der Länder. Bavaria´s economic growth amounted to 2.9% after +2.5% and rank 6 in 2006. Thus, Bavaria’s growth in 2007 was significantly stronger than that of the German economy as a whole …
Indian software companies under pressure 8. February 2008 by Thomas Jannot The myth about India being the source of first-class software for global markets starts crumbling: according to the opinion of German decision makers in the IT field, India’s software companies do worse than their Chinese counterparts in eleven out of twelve criteria. There are deficits with regard to investment risk, availability, maintenance and reliability. With …
Foreign growth with Turkey growing more slowly 7. February 2008 by Thomas Jannot As was reported by the Federal Statistical Office yesterday, German exports to Turkey increased by 5.0% to 13.9 billion Euros in the period from January to November 2007 as compared to the same period one year earlier. Imports from Turkey to Germany grew by 5.7% to 9.0 billion Euros in the same period.
Increased investment in R&D due to robust economy 7. February 2008 by Thomas Jannot A few days ago, Mr Jürgen Hambrecht, who is vice-president of the Stifterverband für die Deutsche Wissenschaft and chairman of the BASF SE, announced that in 2008 the R&D expenditure by companies may for the first time exceed the 55 billion Euro barrier.