Posted in Economy

Companies are planning a significant number of new hires

The Ifo Institute in Munich has announced that companies in Germany are planning new hires despite the Corona pandemic. The industry sector in particular, and especially the electrical industry, would like to hire new staff. The service sector, especially logistics and IT companies, would also…

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Posted in Economy

One third of the labor force work from home

For a survey, the Ifo Institute in Munich asked how many employees in German companies do some or all of their work from home. In March, this was 32 percent. The institute estimates that over 50 percent of all employees could work from home. This…

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Posted in Economy Finance

Fewer companies report bankruptcy

The number of company bankruptcies fell to its lowest level since 1999 in 2020. As the Federal Statistical Office in Wiesbaden announced, only 15,841 companies – 15.5 percent less than 2019 – filed for bankruptcy last year. In general, due to the Corona pandemic, the…

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Posted in Economy

Unemployment fell in March despite the crisis

Unemployment in the Federal Republic fell by March 12th compared to the same period in February. According to figures from the Federal Employment Agency, the number of job seekers in the period under investigation was 2,827,000 – 77,000 fewer than in February. The unemployment rate…

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Posted in Economy Finance Politics

Additional help for particularly affected companies

The Federal Government would like to pay out an equity grant to companies that are hit very hard by the Corona crisis and which submit a corresponding application. In this way, the substance of the companies should be strengthened directly. Apart from that, the so-called…

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Posted in Economy Finance Politics

Agreement on EU agriculture reform

The federal as well as the state ministers of agriculture have agreed on steps to implement the EU agricultural reform in Germany. The relevance of environmental requirements will be 25 percent in the future, after financial aid has so far been determined by the size…

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Posted in Economy Politics

North Sea fishing: EU agrees with UK and Norway

The EU has reached an agreement with the UK and Norway on catches of fish from the North Sea. According to the EU Commission, there is a quarter less of the saithe species, around 2.5 percent less of plaice and around 7.5 percent less of…

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Posted in Economy Politics

For improvements in cooperation between the EU and third countries

In a video conference of the European Union, the Foreign and Interior Ministers of the member states met this week to decide how to improve cooperation with third countries. Specifically, the talks were about the questions of migration and of refugees. The EU wants to…

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Posted in Economy Health Politics

Corona easing: consultations concluded between the Federal Government and the governments of the Federal States

by Thorsten Koch In a consultation which dragged on for hours, the Federal Government and the State Governments agreed that there should be a step-by-step plan that results in easing the lockdown. The measures against Corona are to be extended until March 28th. An extension…

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Posted in Economy Politics

Grand coalition: agreement on the reform of the transport service

CDU-CSU and SPD agree on how the reform of the taxi and driving service market should be approached. Union group spokesman Lange said that the municipalities would get more powers. The Vice Chairman of the SPD Parliamentary Group, Bartol, has praised that cheap and new…

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Posted in Economy Health Politics

Possible relaxation of Corona measures thanks to tests and vaccinations in view

by Thorsten Koch Chancellor Angela Merkel has emphasized that the Corona measures could be relaxed, depending on Covid tests. Rapid tests should be a topic at the federal-state conference on March 3rd, said Merkel. There may be regional rules because of the immunization campaign and…

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Posted in Economy Technology

Fiber optic expansion by Telekom will be accelerated

Deutsche Telekom wants to present an increased speed in the expansion of the fiber optic network. Gigabit speed should be possible in around 10 million households in Germany by the end of 2024. Another 1.2 million households are expected to benefit from this in 2021….

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Posted in Economy Finance Politics

Scholz for “citizens’ money” instead of Hartz IV

The SPD’s candidate for chancellor, Olaf Scholz, has proposed replacing the basic security, also known as Hartz-IV, with a new type of citizen’s benefit. Conditions should no longer be based on “distrust” of the social welfare offices; some sanctions should be abolished for Hartz-IV beneficiaries…

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Posted in Economy Finance

Union parties criticize SPD plans for wealth tax

The Union parties have criticized the calls by Federal Finance Minister Olaf Scholz for tax increases, which the latter, SPD candidate for the office of Chancellor, wants to raise for high earners and the wealthy. “Behind Olaf Scholz’s Robin Hood rhetoric lies a program against…

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Posted in Economy Health Politics

Hairdressers allowed to work again from today

The Corona lockdown lasted two and a half months for hairdressers – from December 16 last year. Nationwide, this profession can again open their shops from Monday. Garden markets, flower shops, pedicure salons and driving schools are also allowed to resume their work.

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Posted in Economy Finance Technology

EU Commission wants to see elimination of roaming charges extended

The EU Commission has spoken out in favor of cutting roaming charges in the EU for another ten years. Consumers in EU countries others than their own should use the same telephone quality and data speed for which they have concluded contracts, at no additional…

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Posted in Economy

Slightly improved consumer sentiment

The mood with regard to consumption has shown slight improvement in Germany – despite the Corona pandemic. In February, the surveyed citizens indicated optimism in the willingness to buy and in their expectations with regard to the expected income, as reported by the Nuremberg-based consumer…

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Posted in Economy Politics

Umwelthilfe calls for more sustainability in agriculture

The interest group ‘Deutsche Umwelthilfe’ has spoken out in favor of the EU Commission striving for more ambitious goals within the Common Agricultural Policy (GAP). “With the Green Deal, the EU Commission has presented a comprehensive action program to get out of the current economic…

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Posted in Economy Politics Technology

Plans: five times as much wind power by 2030

Wind power from plants off the European coasts should deliver up to five times as much energy within the next ten years as before. The EU Commission named an increase from the current 12 gigawatts to 60 gigawatts. Over the next 30 years, 800 billion…

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Posted in Economy Finance Politics

The poverty rate in Germany is at 15.9 percent

The poverty rate in Germany, with 13.2 million people concerned, is at 15.9 percent of the total population and has thus reached the highest level since German reunification. Measured by the number of inhabitants, there were highs around Bremerhaven and Bremen, at over 24.5 percent….

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Posted in Economy Politics

Will Further Sanctions Stop the Nord Stream 2 Gas Pipeline? | GRI

by Thorsten Koch The Nord Stream 2 gas pipeline through the Baltic Sea is intended to transport natural gas from Russia to Europe, mainly to Germany. There are only 150 kilometres (93 miles) before the Baltic Sea pipeline is completed. Despite warnings from German politicians…

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Posted in Economy

The number of people in employment is stabilizing in Germany

by Thorsten Koch The proportion of people in employment in Germany has stabilized and, in June 2020, was only 1.3 percent lower than during the same period in the previous year – despite the Corona pandemic. According to the Federal Statistical Office, around 44.7 million…

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Posted in Economy Politics

The German economy is positive about the prospects of recovery

by Thorsten Koch Federal Minister of Economics Altmaier would like to implement targeted measures against the Corona pandemic instead of implementing comprehensive, all-round measures. Altmaier wants to prevent a second lockdown, he pointed out in an interview. Employer President Kramer also spoke out against another…

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Posted in Economy Politics

Altmaier wants to promote the reduction of bureaucracy for the upswing

Federal Minister of Economics Peter Altmaier (CDU) has suggested that the bureaucracy and liberalization in certain areas will help to overcome the recession more quickly. “We should react more flexibly to certain bureaucratic requirements in order to give companies the opportunity to make up for…

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Posted in Economy Politics

Schäuble proposes an economic union

Bundestag President Wolfgang Schäuble has campaigned to expand the monetary union of the Euro states into a fully-fledged economic union. It took courage to integrate, Schäuble wrote. Discussing aspects of financing falls short of a constructive stance, he criticized. The Corona pandemic could be seen…

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