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Survey confirms trend toward contactless payment in Germany
The coronavirus pandemic has given contactless payment a boost. A new survey published by Postbank confirms this trend. According to the survey, 56 percent of people in Germany now make cashless payments at the store checkout, virtually in passing, with their bank card or smartphone.
Banking association: Number of corporate bankruptcies in Germany should remain manageable
Private banks in Germany do not expect a huge wave of bankruptcies as a result of the coronavirus crisis. "The recent low level of insolvencies in Germany paints a distorted picture. What is clear is that corporate insolvencies will increase," said Christian Ossig of the Association of German Banks.
German government to fund IT security research with 350 million euros
The German government plans to invest at least 350 million euros in IT security research over the next five years. The new research program, entitled "Digital. Secure. Sovereign." was approved by the federal cabinet on Wednesday.
Conference: Situation in Germany's offshore wind power industry remains difficult
Despite positive signals at a National Maritime Conference in Rostock, the situation for the offshore wind power industry in Germany remains difficult.
Two billion euros for quantum computers "Made in Germany"
In the international race for the technology of the future, the German government is to provide a total of 2 billion euros for the development of quantum computers.
Germany imports face masks from China for almost 6 bln euros in 2020
Germany imported protective face masks worth around 6 billion euros (7.2 billion U.S. dollars) last year and almost all of them were imported from China, the Federal Statistical Office (Destatis) said Thursday.
Germany to boost transport renewables to twice EU requirement by 2030
The proportion of renewables in the energy mix for transport in Germany is to rise to 28 percent by 2030, in terms of a legislative amendment passed by the cabinet on Wednesday.
Thuringia continues to support environmental protection investments by companies
Companies in the eastern German state of Thuringia can count on state support for environmental protection investments again this year, according to the state's Environment Ministry. The "Green Invest" funding program will be extended, it confirmed.
Germany's ifo reduces 2021 growth forecast to 4.2 percent
The pandemic's grip on Germany has prompted the influential ifo institute to lower its 2021 growth estimate for Europe's biggest economy to 4.2 per cent.
German farmers demand supermarkets end price race to the bottom
Germany's major supermarket chains must end their "low-price culture," the country's farming association demanded on Wednesday following tractor protests over low prices paid to farmers in several cities this week.
Northern German states join forces for green hydrogen initiative
The business development organizations in Germany’s northern states have joined forces to form the green hydrogen initiative HY-5.
Top female board members earn more than male colleagues in Germany
Women in Germany's top paid jobs are now earning more on average than their male colleagues, a study released on Monday has found.
NRW industry wants to set the pace in hydrogen
Industrial companies based in the western German state of North Rhine-Westphalia want to make progress in the use of the climate-friendly energy source hydrogen.
Evotec attracts Abu Dhabi sovereign wealth fund as major shareholder
The Hamburg-based biotech and research company Evotec is raising fresh money through a capital increase, bringing the Abu Dhabi sovereign wealth fund on board as a new major shareholder.
U.S. companies assess Germany as a positive location even in the crisis
US companies give Germany good marks as a business location even in the midst of the coronavirus crisis.
500 million euros from German government for eastern section of Kiel Canal
At a ceremony on Monday, Germany's Minister of Transport Andreas Scheuer gave the official starting signal for the expansion of the eastern section of the Kiel Canal, located in the northern German state of Schleswig-Holstein.
Study: E-cars still expensive for manufacturers and buyers
Electric cars are likely to continue to put pressure on carmakers' profit margins for the foreseeable future. According to a new study by PwC, the production of an electric car with a range of 300 kilometres currently costs around 4,500 euros more than a classic internal combustion engine.
Baden-Württemberg opens business representative office in Israel
The southern German state of Baden-Württemberg plans to open a new business representative office in Israel in October.
Subsidy leads Germans to buy more electric and hybrid cars
Applications for a subsidy for electric cars paid out by the German state reached a new high of almost 20,000 for the month of July, the Economy Ministry reported on Monday.
German government funds hydrogen project on the west coast
The German government is supporting the establishment of a regional hydrogen economy on the west coast of the northern German state of Schleswig-Holstein with funding of 30 million euros.
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