Posted in Finance

Deutsche Bank reports best quarterly result since 2015

Deutsche Bank is on the up. Since the beginning of 2021, it has achieved the best quarterly result in seven years, posting a profit of 908 million Euros by the end of March. Income climbed to 7.2 billion Euros. This corresponds to an increase of…

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Posted in Economy Finance

Greens spokeswoman warns of a longer moratory of bankruptcy applications

Katja Keul, legal policy spokeswoman for the Green parliamentary group in the German Bundestag, has warned that a further suspension of the obligation to file for insolvency could endanger other market participants. Should the suspension to apply be extended beyond the end of April, this…

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Posted in Economy Finance

Heil specifies further financial aid plans for the cultural sector

Chancellor Angela Merkel (CDU) has promised cultural workers that they can continue to receive Corona financial aid from the Federal Government. Merkel’s Labor Minister Hubertus Heil (SPD) announced that if self-employed people, including artists, make small profits, they should not lose their insurance cover in…

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Posted in Finance Politics

SPD calls for package to help children and young people

The SPD has called for a 2 billion Euro package to be put together for needy children and young people, as part of the help for those affected by the Corona pandemic. The latter are particularly hard hit by the pandemic. The package can be…

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Posted in Finance Politics

Left party “wants” to end foreign deployments

In a draft of its election manifesto, the Left Party has shown that it is willing to compromise with regard to the Bundeswehr missions abroad. Instead of a clear ‘No’ to foreign missions, it is now said that the Left “wants” to end such missions….

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Posted in Economy Finance

Fewer companies report bankruptcy

The number of company bankruptcies fell to its lowest level since 1999 in 2020. As the Federal Statistical Office in Wiesbaden announced, only 15,841 companies – 15.5 percent less than 2019 – filed for bankruptcy last year. In general, due to the Corona pandemic, the…

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Posted in Economy Finance Politics

Additional help for particularly affected companies

The Federal Government would like to pay out an equity grant to companies that are hit very hard by the Corona crisis and which submit a corresponding application. In this way, the substance of the companies should be strengthened directly. Apart from that, the so-called…

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Posted in Finance Politics

Germany grants Syrian populations 1.7 billion Euros

The German government is providing around 1.7 billion Euros for humanitarian aid to civilian populations in need in Syria. Federal Foreign Minister Heiko Maas announced this at an international donor conference. The situation in Syria, a country struck by civil war, is catastrophic, he deplored,…

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Posted in Economy Finance Politics

Agreement on EU agriculture reform

The federal as well as the state ministers of agriculture have agreed on steps to implement the EU agricultural reform in Germany. The relevance of environmental requirements will be 25 percent in the future, after financial aid has so far been determined by the size…

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Posted in Finance Politics

Delay in anti-racism and anti-Semitism projects

Various departments at federal level have refused to sign a final report of the federal cabinet, due to a lack of funds. After the anniversaries of the right-wing extremist attacks in Halle and Hanau, specific projects against racism and anti-Semitism are blocked for the time…

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Posted in Economy Finance Politics

Scholz for “citizens’ money” instead of Hartz IV

The SPD’s candidate for chancellor, Olaf Scholz, has proposed replacing the basic security, also known as Hartz-IV, with a new type of citizen’s benefit. Conditions should no longer be based on “distrust” of the social welfare offices; some sanctions should be abolished for Hartz-IV beneficiaries…

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Posted in Economy Finance

Union parties criticize SPD plans for wealth tax

The Union parties have criticized the calls by Federal Finance Minister Olaf Scholz for tax increases, which the latter, SPD candidate for the office of Chancellor, wants to raise for high earners and the wealthy. “Behind Olaf Scholz’s Robin Hood rhetoric lies a program against…

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Posted in Economy Finance Technology

EU Commission wants to see elimination of roaming charges extended

The EU Commission has spoken out in favor of cutting roaming charges in the EU for another ten years. Consumers in EU countries others than their own should use the same telephone quality and data speed for which they have concluded contracts, at no additional…

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Posted in Finance Politics

Scholz wants higher taxes for strong earners

The candidate for Chancellor Olaf Scholz (SPD), wants to push through tax increases for high earners and wealthy people after the upcoming Bundestag election. The citizens want a fairer tax system, said Scholz. Those who have a lot of income should make a bigger contribution…

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Posted in Finance Politics

AfD to pay half a million in fines for illegal donations

The AfD has to pay more than half a million Euros in fines after having received donations of over 130,000 Euros from Switzerland. According to the law, political parties are prohibited from booking donations from abroad. The AfD replied that they did not understand the…

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Posted in Economy Finance Politics

The poverty rate in Germany is at 15.9 percent

The poverty rate in Germany, with 13.2 million people concerned, is at 15.9 percent of the total population and has thus reached the highest level since German reunification. Measured by the number of inhabitants, there were highs around Bremerhaven and Bremen, at over 24.5 percent….

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Posted in Economy Finance

Better funding for electric vehicles

The Federal Ministry of Economics has launched an improved state subsidy for the purchase of electric cars in Germany. The directive stipulates that the amount of funding depends on the purchase price of the vehicle. This means that there is less funding for models from…

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Posted in Economy Finance Politics

Bridging aid for companies started

The Federal Government has launched an aid program to help companies during the Corona crisis and to get the economy going. For three months up to and including August, it will be possible for companies and the self-employed to receive grants at their fixed costs….

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Posted in Finance Politics

Tax relief for disabled people

Disabled people will receive tax relief from the Federal Government. The tax lump sum for disabled people increases from 3700 Euros to 7400 Euros. It is credited to the tax return without any individual evidence. The relevant law is to be passed before the end…

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Posted in Finance Politics

Bridging aid for students

In order to ensure a sufficient income for students, the Federal Government will provide a bridging aid that is intended to help students living alone, who otherwise make about a third of their monthly income through jobs. Of the average monthly income of EUR 1060,…

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Posted in Finance Politics

Union confederation calls for basic child protection

The German Federation of Trade Unions has called for a unified basic child protection. So far, there are separate financial posts: child benefit, tax allowances, surcharges and Hartz IV benefits. These should be replaced and converted into one payment, which consists of a basic amount…

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Posted in Finance Health Politics

Bund takes share in CureVac

The federal government takes a share in CureVac in order to promote the development of a vaccine against the Coronavirus. As Federal Minister of Economics Peter Altmaier announced, the KfW development bank is taking over around 23 percent of the shares in the biotech company…

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Posted in Economy Finance Health Politics

Klöckner for more reasonable prices for meat products

Federal Minister of Agriculture Julia Klöckner (CDU) has strongly advocated that those responsible in the meat industry should remedy possible maladministration in production. After an industry meeting in Düsseldorf with animal owners, meat processing companies, the meat trade, animal and consumer protection groups, Klöckner said…

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Posted in Finance Health Politics

Covid-19: donor conference successful

The international donor conference for vaccines and treatments against the Coronavirus has been successful. There were pledges of aid of 6.15 billion Euros of aid, which will be given out as loans and guarantees. 383 million Euros stem from Germany. Chancellor Angela Merkel said in…

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Posted in Finance Health Technology

Bayer reaches settlement over Glyphosate

The pharmaceutical company Bayer has reached a settlement in the legal dispute over Glyphosate, a weed killer. Bayer is committed to paying up to 10.9 billion USD to settle ongoing cases, and future cases, should these occur. The agreement brings about the resolution of three-quarters…

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