CAPTION: A construction site in the Bavarian capital Munich. (picture alliance / dpa)
Bavarian companies are taking a more critical view of the quality of their business location. In an annual survey conducted by IW Consult on behalf of the Bavarian Business Association (vbw), the score fell this year for the second time in a row and now stands at 74.8 out of a possible 100 points. In 2019, the rating had peaked at 76.2, while in 2020 it was 75.5.
"The approval ratings are high, although in many areas not as high as last year," said vbw CEO Bertram Brossardt. "Whether this is due to the coronavirus pandemic or whether it is a trend reversal must now be carefully monitored." He also pointed out that quality had "risen continuously" in the years before the pandemic.
Compared with the previous year, the rating for energy and raw materials in particular deteriorated. The best marks were awarded for innovation environment and general infrastructure, while companies were most critical of the public administration.
Nevertheless, 92 percent of the companies would again choose Bavaria as their location. However, this is three points less than a year ago.
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