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IW Cologne: Bavaria second best industrial location behind US
According to a new study, the southern German state of Bavaria is the second best location for industrial companies internationally after the United States.
August18,2020
United Internet offers shareholders tiny dividend due to 5G auction
United Internet and its telecommunications division 1&1 Drillisch want to drastically reduce dividends to shareholders due to the still ongoing 5G frequency auction in Germany.
May22,2019
New digital trade fair to focus on solutions for SMEs
A new trade fair in Hannover is to focus on the SME sector’s need to catch up when it comes to digitization. The "Twenty2x," which will be held in March 2020, will feature solutions for handling sensitive customer data and for protection against cyber attacks, Deutsche Messe AG announced on Monday.
May22,2019
German industry calls for more funding for space
The Federation of German Industry (BDI) on Tuesday urged the German government to put considerably more money into space travel, saying the research was of key importance to the country's future.
May22,2019
German finance minister against rapid tax cuts to help the economy
German Finance Minister Olaf Scholz is opposed to instituting rapid tax cuts in support of the country's economy.
May22,2019
German association seeks federal funding for medical textiles
A German textile association will apply to have a project in Saxony for the development of medical textiles funded by the federal government and expanded to other states, it announced on Monday.
May22,2019
Chamber of Commerce and Industry: Increased shortage of skilled workers
The shortage of skilled workers in Germany has become even more acute from industry’s point of view. 49 percent of companies have problems filling vacancies, according to a labor market report published by the German...
March25,2019
Half of German companies feeling labour shortage, report shows
The number of German companies that face difficulties in recruiting workers to fill vacant positions continues to grow, according to a study.
March25,2019
Germany's BASF plans to expand Schwarzheide site
The German chemical giant BASF plans to expand its Schwarzheide production site. The company foresees investments worth hundreds of millions of euros, its management announced on Wednesday in Schwarzheide, a town in the district of Oberspreewald-Lausitz.
March25,2019
Economic institute Ifo latest to downgrade German growth forecast
A prominent German research institute was the latest to scale back its 2019 economic forecast for Germany on Thursday, cutting expected growth nearly in half to 0.6 per cent from 1.1 per cent.
March25,2019
Volkswagen plans to get more of its electric cars on the road
The Volkswagen Group intends to roll out considerably more electric models than initially planned. By 2028, almost 70 new electric cars are supposed to go on sale, the German carmaker announced on Tuesday in Wolfsburg. VW had previously spoken of 50 new..
March13,2019
Patent applications in Europe at record high
More than 174,000 patents were filed with the European Patent Office (EPO) last year - around 5 percent more than the previous year and more than ever before. Almost half of the applications came from European countries - 15 percent of them from...
March13,2019
China raises ceiling for foreign investment in the financial sector
China has further relaxed the requirements for foreign companies investing in its billion-dollar financial sector. Foreign investors are now allowed to invest a total of up to 300 billion dollars (261 billion euros), the Chinese government announced...
January18,2019
Frankfurt Airport sets new passenger record
The number of passengers handled at Frankfurt Airport last year was higher than ever before. The airport operator, Fraport, handled more than 69.5 million passengers in total, a 7.8 percent increase on 2017, the company announced in Frankfurt.
January18,2019
German agriculture minister urges more digitalisation in farm sector
German Minister of Agriculture Julia Kloeckner is pushing for further digitalisation in the farming sector. The image of the profession is often still a romantic one, the CDU (Christian Democratic Union) politician told dpa.
January18,2019
German economic growth slows to 1.5 percent in 2018
Germany's economy slowed down in 2018, growing by 1.5 per cent that year, according to official figures released on Tuesday.
January18,2019
Network from Erzgebirge region works on the acoustics of the future
In the Erzgebirge region of the eastern German state of Saxony, a network of around 70 companies and research institutions is working on the acoustics of tomorrow. An innovative audio system is to make three-dimensional hearing, already used...
January18,2019
VW to invest 800 million dollars to build electric cars at US plant
Volkswagen on Monday announced it will invest 800 million dollars in its factory in Chattanooga, Tennessee for manufacturing electric vehicles.
January18,2019
German industry orders rise further amid car sector recovery
Thanks to high demand from Eurozone countries and a recovery in the automotive sector, German industrial orders rose for the third straight month in October.
December11,2018
German, US firms work on high-speed container transport in Hamburg
The German port company HHLA and the US start-up Hyperloop Transportation Technologies (HTT) are working together on a new system to transport containers at high speed. The two firms created a joint venture named Hyper Port Cargo Solutions...
December11,2018
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