Category: Economy
First reading of the Federal Budget as well as economic relief from June and July
(de-news.net) – According to Federal Minister for Economic Affairs Katherina Reiche (CDU), the Federal Cabinet is set to introduce an initial relief package for businesses by mid-July. The package will encompass early labor market reforms and a reduction in electricity taxes. Reiche made these remarks…
Reiche: reducing administrative burdens, fostering economic growth
(de-news.net) – Federal Minister for Economic Affairs Katherina Reiche (CDU) has expressed her intention to intervene in legislative initiatives originating from other ministries when they are perceived as detrimental to economic growth. She criticized Federal Minister of Labor Bärbel Bas (SPD) for her proposals concerning…
Rehlinger for a common European project on renewable energy and hydrogen
(de-news.net) – The Minister-President of Saarland, Anke Rehlinger (SPD), has put forward the proposition of establishing a European Union initiative dedicated to renewable energy and hydrogen. She suggested that such could infuse new dynamism into the European project while simultaneously drawing inspiration from the European…
How Reiche wants to stimulate the German economy
(de-news.net) – Katharina Reiche, the new German Minister for Economic Affairs (CDU), has presented a strategy to stimulate the country’s economy. It focuses on investment incentives, lower energy costs, and reduced bureaucracy. She stated the need to improve business tax depreciation and restructure corporate taxation…
Frei (CDU): coalition will deliver on four key initiatives
(de-news.net) – According to Thorsten Frei, who serves as the Parliamentary Secretary of the CDU/CSU faction in the Bundestag, the forthcoming coalition government comprising the two Union parties and SPD intends to implement four key initiatives by the parliamentary summer recess. A primary focus will…
Rise in expenditure for government and businesses could be lessened by a decrease in bureaucracy
(de-news.net) – Rising public expenditures have resulted in a significant increase in Germany’s government expenditure ratio over the past year. According to the Federal Statistical Office, the ratio reached 49.5 percent in 2024, representing an increase of 1.1 percentage points compared to 2023. The government…
Debate around the increase of the minimum wage
(de-news.net) – The discourse surrounding the proposed, politically defined increase of the minimum wage to 15 euros per hour, as suggested by the SPD, has elicited significant criticism from employer associations. The President of the Central Association of German Crafts, Jörg Dittrich, expressed disapproval, emphasizing…
Minimum Wage Commission insists on independence
(de-news.net) – The Minimum Wage Commission has emphasized its independence following a debate between the CDU/CSU and the SPD over a higher minimum wage. As Christiane Schönefeld, chair of the commission, explained, its members are not subject to any instructions in the course of their…
Rhine River: lower water levels lead to restrictions
(de-news.net) – Restrictions on inland navigation along the Rhine have been imposed due to declining water levels, which are attributed to persistent drought conditions. According to the Waterways and Shipping Authority, larger vessels can now only traverse the waterway near Cologne with half their usual…
Spahn: 15 euros of minimum wage unlikely by 2026
(de-news.net) – The Deputy Chairman of the CDU/CSU parliamentary group, Jens Spahn (CDU), has expressed disagreement with the assertion in the coalition agreement of the black-red government, that suggested a minimum wage of 15 euros as early as 2026. He remarked that it was unlikely…
Coalition agreement reached between CDU/CSU and SPD
(de-news.net) – The CDU/CSU and SPD have reached a coalition agreement, presented by their leaders in Berlin. CDU leader Freidrich Merz emphasized the establishment of trust between the parties, expressing confidence in their ability to govern effectively. The coalition plans to adopt a new migration…
Agreement in the public-sector collective bargaining
(de-news.net) – The negotiations in the public sector collective bargaining have resulted in an agreement, as announced by representatives of employers and trade unions. The outcome largely follows the recommendations of mediators from late March: salaries will immediately increase by 3%, with a minimum raise…
