Tag #Climate Protection

What are the primary factors driving the decline in industrial production and prompting businesses in Rhineland-Palatinate to consider relocating abroad?

\"The mood in the German state of Rhineland-Palatinate's economy is in the cellar,\" according to Johannes Heger, President of the state's association of entrepreneurs. Industrial production has fallen by almost 10 percent year-on-year, with significant declines in machinery and chemicals, despite slight growth in the automotive sector. Many companies are considering relocating to countries like Poland, Lithuania, Romania, or Turkey due to high energy costs, labor shortages, and excessive bureaucracy.