Tag #German Economy

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zeit.de

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Feb 28, 13:11

German Unemployment Stagnant Despite Slight Decrease

Germany's unemployment rate held steady at 6.4 percent in February, despite a slight decrease in the number of unemployed; however, seasonally adjusted figures reveal a 5,000 increase, reflecting the economic slowdown and challenging job market conditions.

German Unemployment Stagnant Despite Slight Decrease

Germany's unemployment rate held steady at 6.4 percent in February, despite a slight decrease in the number of unemployed; however, seasonally adjusted figures reveal a 5,000 increase, reflecting the economic slowdown and challenging job market conditions.

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How do rising labor costs and the demographic shift contribute to the challenges faced by German businesses and job seekers?

The slow economic climate is hindering job creation, with 67,000 fewer job openings in February compared to the previous year. This is impacting job seekers, whose chances of finding work are now worse than during the pandemic. High labor costs are a major concern for businesses, impacting their competitiveness and hindering investments.

kathimerini.gr

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Feb 27, 01:09

German Industry Demands Regulatory Reform and Lower Energy Costs

German industry, represented by the DIHK, demands that the new government reduce bureaucracy, expedite approval processes, and lower energy costs to enhance competitiveness, citing declining confidence among businesses.

German Industry Demands Regulatory Reform and Lower Energy Costs

German industry, represented by the DIHK, demands that the new government reduce bureaucracy, expedite approval processes, and lower energy costs to enhance competitiveness, citing declining confidence among businesses.

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How does the German government's economic policy impact business confidence, and what are the long-term consequences of the current situation?

This lack of confidence stems from excessive bureaucracy and slow approval processes hindering business operations. The DIHK suggests a "war on bureaucracy," proposing that for every new regulation, at least two, preferably three, existing ones be abolished. The need for faster approvals is highlighted by 70% of businesses, emphasizing the contrast between swift LNG terminal and wind park approvals and the typical lengthy processes.

zeit.de

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Feb 27, 16:11

Baywa Appoints New Leadership to Oversee Restructuring After €641 Million Loss

Germany's largest agricultural trader, Baywa AG, appointed Frank Hiller as CEO and Matthias Rapp as CFO to lead a multi-year restructuring plan involving 1300 job cuts and asset divestments after reporting a €641 million net loss in the first nine months of 2024; both start this weekend.

Baywa Appoints New Leadership to Oversee Restructuring After €641 Million Loss

Germany's largest agricultural trader, Baywa AG, appointed Frank Hiller as CEO and Matthias Rapp as CFO to lead a multi-year restructuring plan involving 1300 job cuts and asset divestments after reporting a €641 million net loss in the first nine months of 2024; both start this weekend.

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How will the planned divestment of Baywa's acquisitions contribute to its financial recovery by 2028?

Hiller and Rapp's appointments aim to restore Baywa's financial stability following a decade of credit-fueled international expansion that led to financial difficulties in 2024. The restructuring plan, which includes divesting acquisitions from the past decade, targets financial recovery by the end of 2028. The plan predates their arrival.

africa.chinadaily.com.cn

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Feb 26, 04:08

Merz to Form CDU-SPD Coalition in Germany

Following the German elections, Friedrich Merz's CDU-CSU (208 seats) plans a coalition government with the SPD (120 seats), rejecting the AfD (152 seats) and facing challenges including the economy, immigration, and defense spending.

Merz to Form CDU-SPD Coalition in Germany

Following the German elections, Friedrich Merz's CDU-CSU (208 seats) plans a coalition government with the SPD (120 seats), rejecting the AfD (152 seats) and facing challenges including the economy, immigration, and defense spending.

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Peace, Justice, and Strong Institutions

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What immediate actions will the incoming CDU-SPD coalition government take to address Germany's economic challenges and immigration concerns?

Following the German parliamentary elections, Friedrich Merz's CDU-CSU secured 208 seats, while the SPD obtained 120 seats. Merz intends to form a black-red coalition government with the SPD, despite the AfD's strong showing of 152 seats. This coalition will address Germany's economic challenges and immigration concerns.

zeit.de

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Feb 26, 13:09

UniCredit's Commerzbank Stake Faces German Regulatory Scrutiny

UniCredit, an Italian bank, submitted its plans to increase its stake in Commerzbank to Germany's Federal Cartel Office for review, sparking concerns about competition and prompting a rejection from the German government. This follows UniCredit's increase of its shares from 9% to 28% in December, an...

UniCredit's Commerzbank Stake Faces German Regulatory Scrutiny

UniCredit, an Italian bank, submitted its plans to increase its stake in Commerzbank to Germany's Federal Cartel Office for review, sparking concerns about competition and prompting a rejection from the German government. This follows UniCredit's increase of its shares from 9% to 28% in December, an...

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What is the immediate impact of UniCredit's move on the German banking sector and competition?

UniCredit, an Italian bank, submitted its minority stake acquisition in Commerzbank to Germany's Federal Cartel Office for review. The office will assess the deal's competitive impact, with an initial month-long investigation followed by a four-month in-depth review. The European Central Bank's banking supervisory authorities are also reviewing the plans.

faz.net

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Feb 26, 10:09

Germany's Digital Lag Hinders Economic Recovery

Germany's economic recovery is hampered by its low ranking (23rd globally) in digital competitiveness, stemming from underinvestment in AI and software, high dependence on US/Chinese digital imports (90% of businesses), and low digital literacy; immediate action is needed.

Germany's Digital Lag Hinders Economic Recovery

Germany's economic recovery is hampered by its low ranking (23rd globally) in digital competitiveness, stemming from underinvestment in AI and software, high dependence on US/Chinese digital imports (90% of businesses), and low digital literacy; immediate action is needed.

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Industry, Innovation, and Infrastructure

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How does Germany's dependence on foreign digital imports contribute to its economic vulnerabilities, and what specific sectors are most affected?

This digital weakness stems from underinvestment relative to economic strength, focusing on traditional sectors instead of software and AI. A significant 90% of German businesses depend on US or Chinese digital imports, highlighting vulnerability in crucial areas like semiconductors and AI.",

welt.de

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Feb 28, 13:11

German Tax Cuts Fail to Offset Increased Social Security Contributions, Leading to Income Losses

A Datev analysis reveals that despite recent tax cuts in Germany, most employees will face income reductions in 2025 due to increased social security contributions and higher contribution assessment ceilings, outweighing the tax benefits.

German Tax Cuts Fail to Offset Increased Social Security Contributions, Leading to Income Losses

A Datev analysis reveals that despite recent tax cuts in Germany, most employees will face income reductions in 2025 due to increased social security contributions and higher contribution assessment ceilings, outweighing the tax benefits.

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Reduced Inequality

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How do the calculated income reductions vary across different income levels and tax classes in Germany?

Higher social security contributions, particularly stemming from increased contribution assessment ceilings in 2025, offset the impact of recent tax cuts. Datev's calculations, based on payroll data for over 14 million employees, show this effect across various income levels and tax classes.

dw.com

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Feb 27, 16:11

German Companies Relocate Production to Poland Amid Economic Crisis

Due to Germany's declining economic attractiveness, 22% of surveyed companies plan to relocate production to Central and Eastern Europe; Knorr Bremse is moving two-thirds of its Dresden production (40 job losses) to Poland, citing lower costs and faster permitting processes in Poland compared to Ger...

German Companies Relocate Production to Poland Amid Economic Crisis

Due to Germany's declining economic attractiveness, 22% of surveyed companies plan to relocate production to Central and Eastern Europe; Knorr Bremse is moving two-thirds of its Dresden production (40 job losses) to Poland, citing lower costs and faster permitting processes in Poland compared to Ger...

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What are the primary factors driving German companies to relocate production to Central and Eastern Europe, and what are the immediate consequences for the German economy?

Germany's declining attractiveness as a business location is contributing to its economic crisis. One in five German companies (22%) plan to relocate production to Central and Eastern Europe, primarily Poland and Romania, according to a KPMG and Ostkommission survey. Knorr Bremse, a brake systems manufacturer, is moving two-thirds of its Dresden production to Poland, resulting in 40 job losses.

faz.net

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Feb 26, 10:09

German Real Wages Surge 3.1% in 2024, Highest in 16 Years

German employees experienced a 3.1% real wage increase in 2024, the highest in 16 years, due to lower inflation (2.2%), tax-free inflation compensation premiums up to €3000, and collective bargaining agreements; however, the premium's expiration is expected to impact 2025.

German Real Wages Surge 3.1% in 2024, Highest in 16 Years

German employees experienced a 3.1% real wage increase in 2024, the highest in 16 years, due to lower inflation (2.2%), tax-free inflation compensation premiums up to €3000, and collective bargaining agreements; however, the premium's expiration is expected to impact 2025.

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How did the distribution of wage increases differ across various income groups and sectors in Germany during 2024?

The substantial real wage growth in 2024 resulted from a confluence of factors impacting purchasing power. Lower inflation, coupled with the one-time inflation compensation premiums and negotiated wage hikes, led to a 5.4% nominal wage increase, exceeding the inflation rate. This contrasts with previous years where high inflation eroded nominal wage gains.

zeit.de

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Feb 26, 07:09

Debate on German Debt Brake Reform Intensifies After Election

Schleswig-Holstein's Minister President Daniel Günther urges a swift reform of Germany's debt brake after the new Bundestag's formation, while CDU leader Friedrich Merz opposes pre-formation reform; cities and municipalities also advocate for rapid changes to address their precarious financial situa...

Debate on German Debt Brake Reform Intensifies After Election

Schleswig-Holstein's Minister President Daniel Günther urges a swift reform of Germany's debt brake after the new Bundestag's formation, while CDU leader Friedrich Merz opposes pre-formation reform; cities and municipalities also advocate for rapid changes to address their precarious financial situa...

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How do the financial concerns of German cities and municipalities influence the debate surrounding the debt brake reform and potential solutions?

The debate over Germany's debt brake reform highlights the tension between fiscal responsibility and urgent infrastructure needs. Cities and municipalities, facing financial strain, also push for timely reform. While CDU leader Friedrich Merz opposes reform before the new Bundestag's formation, the need for a two-thirds majority necessitates collaboration across party lines, including potentially the Left party.

dw.com

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Feb 26, 10:09

Germany's 2024 Federal Deficit Reaches €118.8 Billion

Germany recorded a €118.8 billion federal deficit in 2024, exceeding projections and the previous year, primarily due to increased interest payments (24.2% rise) and social benefits (7% rise) despite record-high revenues exceeding €2 trillion. This surpasses the EU's 3% GDP deficit limit, although G...

Germany's 2024 Federal Deficit Reaches €118.8 Billion

Germany recorded a €118.8 billion federal deficit in 2024, exceeding projections and the previous year, primarily due to increased interest payments (24.2% rise) and social benefits (7% rise) despite record-high revenues exceeding €2 trillion. This surpasses the EU's 3% GDP deficit limit, although G...

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What were the main factors contributing to Germany's significantly higher-than-expected federal deficit in 2024?

Germany's 2024 federal deficit reached €118.8 billion, exceeding the projected €113 billion and the prior year's €103.8 billion. This resulted from government spending surpassing record-high revenues of €2.0129 trillion, an increase of 4.8% compared to 2023. Increased interest payments and social benefits were key contributors to this deficit.

dw.com

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Feb 25, 10:09

German Election Results Raise Economic Concerns Amid Recession

Germany's conservative CDU/CSU bloc won the recent Bundestag elections with 28.5% of the vote, but a fragmented result complicates government formation amid an ongoing recession and the rise of the far-right AfD, raising concerns about economic stability and skilled labor.

German Election Results Raise Economic Concerns Amid Recession

Germany's conservative CDU/CSU bloc won the recent Bundestag elections with 28.5% of the vote, but a fragmented result complicates government formation amid an ongoing recession and the rise of the far-right AfD, raising concerns about economic stability and skilled labor.

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What are the immediate economic implications of the German election results, given the country's existing recession?

Germany's economy is in recession, with GDP shrinking 0.2% in 2024 and 0.3% in 2023. Recent elections saw the conservative CDU/CSU bloc win 28.5% of the vote, followed by the AfD (20.8%), a partly extremist party. This fragmented result complicates government formation, requiring coalition building.

Showing 133 to 144 of 377 results