Tag: Economy
New minimum wage from October
(GermanPolicy.com) – This Wednesday, the German Bundestag will probably decide to increase the minimum wage to twelve euros. The newly determined amount will be applicable law from 1 October. The lower wage limit is currently EUR 9.82. On July 1, the minimum wage will rise…
Federal Government decides on tax relief and higher commuter allowances
(GermanPolicy.com) – The Federal Cabinet has decided, in retrospect to 1 January, a tax relief for commuters and a higher basic allowance in citizens’ tax returns. The commuter rate is to be raised from 25 to 28 Cents per kilometer, while the rate for advertising…
Heating cost subsidy for around 2 million people
(GermanPolicy.com) – Housing benefit recipients will soon receive a heating subsidy. The Federal Government parties have voted for this in the Bundestag, together with the party Die Linke. The CDU-CSU was against, while the AfD abstained. More than 2 million people are expected to benefit…
Fuel prices: Habeck tasks Cartel Office
(GermanPolicy.com) – Federal Minister of Economics, Habeck (Greens), has commissioned the Federal Cartel Office to examine whether fuel prices are reasonable. The fuel market in Germany is structurally problematic due to the strength of the corporations, he explained, adding that unreasonable profits are unacceptable. The…
Improved business climate
(GermanPolicy.com) – The Ifo business climate index has risen in January. The executives of the German economy have ensured this with an optimistic outlook. The index is the key leading indicator for the German economy. It rose to 95.7 points after six downward moves. Ifo…
Business turnover increased
(GermanPolicy.com) – The adjusted, nominal turnover of the commercial economy rose again in December, as compared to November. This was announced by the Federal Statistical Office. This was also due to price increases and ensured that nominal sales were 22.8 percent above February 2020 for…
Deutsche Bank surprisingly makes billions
(GermanPolicy.com) – In the 2021 financial year, Deutsche Bank recorded its best result in ten years with a surplus of EUR 1.9 billion, significantly more than market observers had expected. In particular, the bank’s business in bonds and currencies contributed to this. Pre-tax profit rose…
Nahles to become chairwoman of the Federal Employment Agency
(GermanPolicy.com) – Ex-SPD chairwoman Andrea Nahles has been elected chairwoman of the Federal Employment Agency, according to the Confederation of German Employers’ Associations and the German Confederation of Trade Unions. In addition, Katrin Krömer and Vanessa Ahuja should sit on board chairs. The Federal Government…
Parcel boom and much traffic at Christmas
(GermanPolicy.com) – Deutsche Post reported a parcel boom on Christmas Eve which was celebrated yesterday: The quantities of gift parcels were roughly at the level of 2020, after the demand on Black Friday and Cyber Monday was even stronger than a year ago. Clothing in…
Coalition agreement prompts “confidence”
(GermanPolicy.com) – According to the coalition agreement of the traffic light parties – SPD, Greens and FDP – 400,000 new apartments are to be built per year, and the rent brake is to apply until 2029. In addition, the minimum wage is to be raised…
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…
