Tag: Economy
A new German law against the Covid-19 pandemic
(GermanPolicy.com) – The German Bundestag has passed new regulations to contain the Covid-19 pandemic. Among other things, after approval by the Federal Council, 3G regulations will come into force in the workplace – with the obligation to present negative tests for those who have neither…
Heil: risk of loss of wages if vaccination is lacking
(GermanPolicy) – Hubertus Heil (SPD), the acting Federal Minister of Labor, has announced that after the new Covid-19 rules have passed the Bundestag and Bundesrat, people who have not been vaccinated are at risk of losing wages if they do not submit up-to-date and negative…
Work from home should again become compulsory for many
(GermanPolicy.com) – The incumbent Federal Government is planning to reinstate the obligation to work from home for employees. This means that employers should again offer activities from home – such as office work – if there are no operational reasons to be held against it….
Ecology should be given greater consideration in the traffic route plan
(GermanPolicy.com) – The traffic light parties – SPD, Greens and FDP – want to review the Federal Transport Infrastructure Plan 2030. This should be done from an ecological point of view. Unnecessary and harmful projects could not be extended. Environmental associations should be included in…
World Climate Conference: subsidies for fossil fuels should be canceled
(GermanPolicy.com) – In its final declaration, the World Climate Conference has called on all countries to turn down the use of coal. In Glasgow, Scotland, the countries also agreed to recommend that subsidies for the fossil fuels oil, gas and coal be abolished. The goal…
World Climate Conference: agreement against deforestation and methane emissions
(GermanPolicy.com) – At the beginning of the World Climate Conference in Glasgow, Chancellor Angela Merkel advocated in favor of the concept of CO2 pricing. Steps by the states alone will not suffice, she said, however the industry can get to climate neutrality through carbon pricing….
Wissing (FDP) defends retirement benefits through shares
(GermanPolicy.com) – FDP Secretary General Wissing (FDP) has described the entry into a share-linked pension scheme as announced by the traffic light parties – SPD, Greens and FDP – as the right step. Without capital formation on the stock market, tax grants and contributions would…
By 2030, two thirds of cars in Germany with electric drive
(GermanPolicy.com) – According to a study by the management consultancy EY, the proportion of electric cars will be 32 percent of all new registrations in the coming year already. This corresponds to 1.18 million purely electric cars as well as hybrids. By 2030, two thirds…
Merkel considers G20 in Rome a success
(GermanPolicy.com) – Chancellor Angela Merkel has described the G20 conference in Rome as successful and constructive. The meeting sent out a “good signal for Glasgow.” The final document for the G20 summit states that climate neutrality is to be achieved “by the middle of the…
Potsdam Institute: global warming could become more extreme than projected
(GermanPolicy.com) – Climate researcher Ottmar Edenhofer from the Potsdam Institute has warned that global warming could be far more extreme than previously feared. The emissions increased dramatically from year to year. With higher coal power, one steers to 4 degrees global warming instead of the…
Tenants more at risk of poverty than property owners
(GermanPolicy.com) – According to the Federal Government, a quarter of all rented households are at risk of poverty. The rate of poverty risk for tenants is twice as high as it is for property owners. People in Europe who have less than 60 percent of…
Opel boss: all contracts will be kept
(GermanPolicy.com) – Opel boss Uwe Hochgeschurtz has assured the employees of the car manufacturer that all three production sites in Germany will be retained: Rüsselsheim, Eisenach and Kaiserslautern. The manufacturer – a part of Stellantis – will adhere to all contracts. With his statements, Hochgeschurtz…
Fitch confirms Germany’s excellent creditworthiness
(GermanPolicy.com) – The US rating agency Fitch has confirmed Germany’s excellent creditworthiness and retained its AAA rating. Fitch sees Germany’s outlook as “stable”. In their justification, Fitch experts referred to the diversified economy, strong institutions, and stable public finances in Germany. The experts expect that…
CDU-CSU workers for a fair industrial transformation
(GermanPolicy.com) – The newly elected chairman of the CDU-CSU workers’ group in the German Bundestag, Alex Knoerig (CDU), has spoken out in favor of concluding an employment pact with a view to a fair transformation of German industries. All industries should be included in such…
New minimum wage to benefit employees outside collective agreements
(GermanPolicy.com) – According to a recent study, a higher minimum wage – i.e. an increase to 12 Euros per hour – benefits around 8.6 million employees. Currently, around 30 percent of employees work outside the collective wage and for less than 12 euros, according to…
Young digital companies want to hire more employees
(GermanPolicy.com) – The business climate in start-up digital companies has brightened noticeably and is back at the level of 2019. This was announced by the Federal Association of German Startups. The number of employees in the sector is 18 people, 4 people higher than in…
Incoming orders in the construction industry significantly improved
(GermanPolicy.com) – In August 2021, incoming orders in the German construction industry were 7.3 percent higher than in July, as was announced by the Federal Statistical Office. Compared to August 2020, the adjusted intake of orders is 5.7 percent higher. In August 2021, incoming orders…
Economy to grow strongly in 2022, Altmaier (CDU)
(GermanPolicy.com) – The economy should experience a strong upturn in the coming year, according to the expectations of the Federal Government. As the acting Federal Minister of Economics Altmaier (CDU) announced, there will be no final spurt for 2021, but it is expected that the…
Climate change is the biggest challenge for citizens, survey says
(GermanPolicy.com) – According to a survey by the European Development Bank, most Germans consider climate change to be the greatest challenge facing humanity in the 21st century, 72 percent see effects by climate change on everyday life. Sixty percent of respondents would support taxes on…
Scholz (SPD): investments as protection against electricity gaps
(GermanPolicy.com) – SPD Chancellor candidate Scholz (SPD) has promised to accelerate the transformation of the economy into a climate-neutral industry after the election of the next Federal Government. Everything will be done to ensure that Germany does not suffer an electricity gap, and to do…
Increase in price development
(GermanPolicy.com) – Consumer prices continued to climb in October, the Federal Statistical Office announced. The inflation increased to a total of 4.5 percent, accordingly, after it was seen at 4.1 percent in September. This can be explained by the VAT reductions and the lower costs…
Walter-Borjans (SPD) in favor of starting Nord Stream 2 operations
(GermanPolicy.com) – SPD co-president Walter-Borjans has spoken out in favor of putting the Nord Stream 2 gas pipeline into operation. It is about an infrastructure that will help make the Federal Republic of Germany climate neutral, he explained. Greens co-chairman Baerbock is against an operating…
Merkel for “more market” as to energy prices
(GermanPolicy.com) – Chancellor Angela Merkel has spoken out in favor of market solutions with regard to the currently high energy prices in the EU. She appealed to be prudent. One would have to advocate more market economy, for example through a higher housing benefit.
Shortage of workers, skilled professionals, and apprentices
(GermanPolicy.com) – There is a shortage of skilled workers in around 70 professions, particularly in the MINT professions: mathematics, IT, natural sciences and technology. The Federal Employment Agency warned that there was a shortage of 800,000 skilled workers and a total of 1.2 million workers….
World Economic Institute: recovery from Corona as early as 2022
(GermanPolicy.com) – The German economy is likely to recover from the Corona pandemic as early as 2022, the Hamburg World Economic Institute assumes. Managing Director Dirck Süß explained: “After the economic output slumped by 4.6 percent last year, growth of 2.5 percent is expected for…