Category: Economy
Invoices and financial records may have to be retained longer
(de-news.net) – According to proposals advanced by Federal Finance Minister Lars Klingbeil (SPD), commercial entities will once again be obliged to retain invoices and financial records for an extended period. As reported by various media outlets citing the chair of the SPD, the ministerial staff…
BDI sees favorable performance of the new German government
(de-news.net) – The President of the Federation of German Industries (BDI), Peter Leibinger, has conveyed a favorable assessment of the current federal coalition, commending its promising initial performance and its commitment to implementing pertinent administrative and fiscal reforms. He emphasized that the government’s efforts to…
Fair Wages Act: Schulze (CDU) advises caution
(de-news.net) – Sven Schulze (CDU), Minister for Economic Affairs of Saxony-Anhalt and member of the CDU executive committee, has voiced apprehensions concerning the Fair Wages Act, introduced by Federal Labour Minister Bärbel Bas (SPD), cautioning that the legislation could evolve into a disproportionately complex regulatory…
Law on Citizen’s Income reform to be presented in the near future
(de-news.net) – Federal Minister of Labor Bärbel Bas SPD) aims to swiftly implement reforms to the Citizen’s Income system. The SPD politician stated in Berlin that individuals who miss appointments should face stricter penalties. Additionally, she intends to modify the grace period for personal assets,…
Deutsche Bahn to increase family seat reservation fees
(de-news.net) – Effective June 15, Deutsche Bahn will implement a modification to its reservation pricing structure, eliminating the reduced family seat reservation rate. Under the new policy, all passengers, including minors, will be required to pay the standard fee for individual seat bookings. The cost…
BioNTech intends to acquire CureVac, strengthen cancer immunotherapies
(de-news.net) – BioNTech, the biopharmaceutical company headquartered in Mainz, has formally announced its intention to acquire CureVac, a biotechnology firm based in Tübingen, with the objective of advancing research and development in the domain of messenger RNA (mRNA)-based cancer immunotherapies. As part of the acquisition,…
Kretschmer, other Prime Ministers propose new revenue mechanism
(de-news.net) – To enhance economic growth, the Federal Government has proposed a comprehensive business relief initiative, a policy reform deemed necessary by the Federal States. However, state premiers have expressed concerns regarding the potential financial burden this program may impose on regional and municipal administrations….
MIT for a reduction of Germany’s state quota
(de-news.net) – In a resolution adopted by the Federal Executive Board of the Mittelstands- und Wirtschaftsunion (MIT), the economic wing of the Christian Democratic Union (CDU) has advocated for a reduction in Germany’s state quota from approximately 50 percent to below 45 percent. MIT Chair…
Industry stakeholders welcome corporate tax relief
(de-news.net) – The government’s proposed corporate tax relief measures have been positively received by key industry stakeholders. The German Chemical Industry Association described the initiative as a “substantive economic policy signal,” reflecting strong approval. The German Association of the Automotive Industry particularly welcomed the tax…
Alabali-Radovan (SPD) speaks out for a strong German development policy
(de-news.net) – At the Hamburg Sustainability Conference (HSC) 2025, Federal Development Minister Alabali-Radovan (SPD) underscored the critical risks associated with the erosion of international cooperation. In her opening remarks, she observed that the efficacy and value of multilateral initiatives were increasingly subject to scrutiny, with…
Maternity leave for women having experienced a miscarriage now in effect
(de-news.net) – As of today, pregnant individuals who experience a miscarriage from the 13th week of gestation onward are legally entitled to maternity leave, following the enactment of a legislative amendment. This marks the first instance in which affected individuals are afforded a statutorily guaranteed…
Weekly maximum working hours: a way towards more productivity or a risk?
(de-news.net) – Regarding the German government’s proposal to set weekly instead of daily maximum working hours, a study of the trade union-affiliated Hans Böckler Foundation has warned of that the change could increase sick days and intensify stress in balancing work and family life. Earlier,…
