Tag: Economy
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…
Unemployment fell in August
(GermanPolicy.com) – According to the Federal Employment Agency, the number of unemployed in Germany increased significantly in September. 2.465 million people were registered as unemployed, 382,000 fewer than in the same period of 2020. Compared to August, the number of unemployed fell by 114,000 people.
