Posted in Economy Finance Politics

Federal Government wants to secure places of job training

The Federal Government wants an aid program that aims to preserve apprenticeships. The aim is to prevent young people’s professional future from being jeopardized. This week, the Federal Cabinet is to provide advice for the first time on a key point paper “Securing training positions”….

Continue Reading... Federal Government wants to secure places of job training
Posted in Economy Politics

Altmaier, Seehofer: markets should pass on VAT reduction

Federal Minister of Economics Peter Altmaier (CDU) is against a VAT reduction beyond 2020. If it were not for the reduction to expire, there might be a great risk for the measure to fizzle out since people would not engage in investment in time. They…

Continue Reading... Altmaier, Seehofer: markets should pass on VAT reduction
Posted in Economy Politics

Altmaier: the economy should grow in the second half of the year

Federal Minister of Economics Peter Altmaier (CDU) hopes for a rapid and significant upswing in the German economy: “I expect that we can turn the corner towards new growth in the second half of the year. According to the government’s forecast, robust growth of 5…

Continue Reading... Altmaier: the economy should grow in the second half of the year
Posted in Economy Politics

Exports decreased by 24 percent in April

As a result of the Corona crisis, exports from Germany to other countries decreased by 24 percent in April, compared to March. Compared to April 2019, they fell by 31.1 percent to 75.7 billion Euros. Imports to Germany were 21.6 percent lower than in March…

Continue Reading... Exports decreased by 24 percent in April
Posted in Economy Politics

European Union might review trade policy

In the face of the Corona crisis, the EU wants to try and find a new balance in trade policy between a Europe that is open to business and a Europe that protects citizens and companies. According to EU Trade Commissioner Phil Hogan, the key…

Continue Reading... European Union might review trade policy
Posted in Economy

Licensed trade rose in the first quarter

Revenue generated by the so-called licensed trades rose by 3.8 percent in the first quarter of 2020 compared to the comparable period in 2019. According to data from the Federal Statistical Office, however, 0.4 percent fewer staff were employed in the sectors at the end…

Continue Reading... Licensed trade rose in the first quarter
Posted in Economy

Tourism industry with fewer overnight stays

In April, the tourism industry in Germany recorded 89.3 percent fewer overnight stays. According to the Federal Statistical Office, there were only 4.3 million overnight stays. Only 0.5 million came from foreign guests.

Continue Reading... Tourism industry with fewer overnight stays
Posted in Economy Politics

Gröhe advocates a supply chain law

Union Vice-Group Leader in the Bundestag, Hermann Gröhe (CDU), advocates greater attention to supply chains to protect the environment and human rights. “A clever mix of legal regulations and voluntary commitments” makes sense, said Gröhe, emphasizing that more and more medium-sized and large companies are…

Continue Reading... Gröhe advocates a supply chain law
Posted in Economy Politics

Harvest helpers are allowed to enter under hygiene restrictions

Beginning next week, harvest helpers from the European Schengen countries are again allowed to enter Germany without restrictions, but under strict hygiene rules. Entry is possible again from June 16. The seasonal workers should live together, and work, in fixed teams, observing distance rules. If…

Continue Reading... Harvest helpers are allowed to enter under hygiene restrictions
Posted in Economy Politics Technology

A group of Greens for rethinking genetic engineering

There are voices within the Greens party that speak out for a constructive approach to genetic engineering. One has to get involved in the discourse about a new way of dealing with genetic engineering, otherwise the future will be discussed without the Greens, a group…

Continue Reading... A group of Greens for rethinking genetic engineering
Posted in Economy Finance

Labor costs rose in the first quarter due to the Corona crisis

The hourly labor costs incurred by employers in the first quarter of 2020 rose, after adjustment, by 4.3 percent in comparison with the same period in the previous year, the Federal Statistical Office announced. The hours worked can be lower, in the case of vacation…

Continue Reading... Labor costs rose in the first quarter due to the Corona crisis
Posted in Economy Politics

Spahn supports EU antitrust reforms

German health minister Jens Spahn (CDU) is committed to reforming antitrust law at EU level in order to survive in international competition. Spahn mentioned the need for legal adjustments to come to a European economic and industrial policy in which European companies would become strong….

Continue Reading... Spahn supports EU antitrust reforms
Posted in Economy

Former Chancellor remains Chairman of the Rosneft Supervisory Board

Former Chancellor Gerhard Schröder will continue to chair the supervisory board of the Russian energy group Rosneft. This was announced after the annual shareholders’ conference. Schröder has been on the supervisory board of Rosneft, a Russian state-owned company, since 2017. He also has a role…

Continue Reading... Former Chancellor remains Chairman of the Rosneft Supervisory Board
Posted in Economy Politics

Relations with China: Federal government, BDI for dialogue

Federal Foreign Minister Heiko Maas (SPD) would like the EU-China summit within the German EU Council Presidency in the second half of the year, at the end of the year at the latest. China is the largest trading partner of the Federal Republic. However, it…

Continue Reading... Relations with China: Federal government, BDI for dialogue
Posted in Economy Politics

FDP expert calls for strengthening “work regardless of location”

FDP labor market expert Johannes Vogel has called for a modern legal framework for remote and mobile work. The freedom of choice between either a job at an office within the company or working from alternative locations should be strengthened, Vogel said. To bring this…

Continue Reading... FDP expert calls for strengthening “work regardless of location”
Posted in Economy Finance Politics

Lindner opts for income tax reform

The chairman of the FDP, Christian Lindner, has criticized the provisional reduction in VAT and called for the income tax to be reformed instead. The solidarity surcharge could be abolished at the same time, he indicated. The reduction in VAT leads to bureaucratic effort, Lindner…

Continue Reading... Lindner opts for income tax reform
Posted in Economy Finance Politics

2 million applications for Corona Emergency Aid

2 million self-employed and small businesses have applied to the Federal Government’s Corona emergency aid. According to a document by the Ministry of Finance and the Ministry of the Economy, the applications amount to a total volume of 13.7 billion Euros. According to the document,…

Continue Reading... 2 million applications for Corona Emergency Aid
Posted in Economy Politics

EU-China Summit postponed

Due to the Corona pandemic, the EU-China Summit, which was set to take place in Leipzig in mid-September, has been postponed. Government spokesman Seibert said that Chancellor Merkel had called Chinese President Xi Jinping and President of the European Council, Michel, to discuss the topic….

Continue Reading... EU-China Summit postponed
Posted in Economy

More new apartments were completed in 2019

With an increase of 2 percent, more apartments were built in Germany in 2019 than in almost 20 years. 293,000 new units were created in the past year, almost as much as in 2001, when 326,600 apartments were built. The Federal Government’s target, however, was…

Continue Reading... More new apartments were completed in 2019
Posted in Economy Finance Politics

Economic expert for limited non-wage labor costs

The chair of the German Council of Economic Experts, Lars Feld, has questioned the planned basic pension. The reason is that the social security contributions, also known as non-wage labor costs, “should not exceed the 40 percent mark.” In the long run, the basic pension…

Continue Reading... Economic expert for limited non-wage labor costs
Posted in Economy Politics

IAB director against an increase of the minimum wage

The director of the Institute for Labor Market and Vocational Research (IAB), Bernd Fitzenberger, has labeled an increase in the minimum wage during the Corona crisis as a clear “no-go”. However, minimum wages could be based on collective wages. On the other hand, lowering the…

Continue Reading... IAB director against an increase of the minimum wage
Posted in Economy Finance Politics Technology

Coalition committee approves 130 billion Euro stimulus package

The federal government’s stimulus package will include a total of 130 billion Euros for 2020 and 2021, it was decided on Monday evening by the leaders of the coalition committee. On July 1 and up until December 31, VAT is expected to drop from 19…

Continue Reading... Coalition committee approves 130 billion Euro stimulus package
Posted in Economy Politics Technology

Federal Research Minister would like to promote hydrogen

Federal Research Minister Anja Karliczek (CDU) wants to promote hydrogen technology. One has to prove across industries, “how production, transportation and the distribution and use of green hydrogen works,” said the minister with regard to an innovation initiative that would primarily aim to provide conditions…

Continue Reading... Federal Research Minister would like to promote hydrogen
Posted in Economy Technology

Wind power is the main source of electricity

For the first time, the most important energy source is wind power, in the first quarter of the year. The share of wind power in the total amount of electricity produced in Germany reached 34.9 percent. Renewable energies in total were fed into the electricity…

Continue Reading... Wind power is the main source of electricity
Posted in Economy Finance Politics

CSU wants double tax allowance for single parents

The CSU is committed to doubling the tax exemption for single parents. This should be raised to 4,000 Euros, said Alexander Dobrindt, head of the CSU group in the Bundestag. According to the statistics, there were 2.6 million single parents in Germany two years ago.

Continue Reading... CSU wants double tax allowance for single parents