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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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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Posted in Finance Health Politics

Free Corona tests in Bavaria

In the Free State of Bavaria, it will be possible for citizens to test for the Coronavirus free of charge, even without having symptoms. The tests should be voluntary. If a person decides to take a test, that person will not have to pay for…

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Posted in Economy Finance

Lufthansa wants to save money without layoffs

Following a meeting with trade unions, Lufthansa has identified 22,000 full-time surplus jobs. Even before the extraordinary general meeting on June 25, it should be agreed with the unions how part-time solutions can reduce personnel costs, in order to avoid layoffs during the Corona crisis….

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Posted in Economy Finance Politics

Federal Government wants to secure places of job training

The Federal Government wants an aid program that aims to preserve apprenticeships. The aim is to prevent young people’s professional future from being jeopardized. This week, the Federal Cabinet is to provide advice for the first time on a key point paper “Securing training positions”….

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Posted in Finance Health Politics

No agreement yet on financial support for poorer countries

At a joint video conference, EU development ministers did not yet agree on financial support for the poorer countries, as a result of the Corona pandemic. The German development minister Müller (CSU) criticized that no additional support for the overly challenged states, such as several…

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Posted in Economy Finance

Labor costs rose in the first quarter due to the Corona crisis

The hourly labor costs incurred by employers in the first quarter of 2020 rose, after adjustment, by 4.3 percent in comparison with the same period in the previous year, the Federal Statistical Office announced. The hours worked can be lower, in the case of vacation…

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Posted in Finance Politics

Union parties, SPD: von der Leyen not responsible in consultancy affair

The former Federal Minister of Defense Ursula von der Leyen (CDU), according to the CDU-CSU and SPD members of a Bundestag investigation committee, is not responsible for the advisory affair of her, then, ministry. However, responsibility does lie at the level of the State Secretaries….

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Posted in Finance Politics

Teachers’ association: additional educational package makes sense

The German Teachers’ Association has emphasized that it makes sense to put together an “additional education package,” allowing funding in the areas of renovation and modernization, with at least 20 billion Euros. The president of the association, Heinz-Peter Meidinger, complained that the education sector had…

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Posted in Finance Politics

Brinkhaus for a balanced budget

The parliamentary leader of the CDU and CSU in the Bundestag, Brinkhaus, wants to achieve a balanced federal budget again, “as soon as possible”. There should be no new debt in 2021 and 2022. One had to go back to the mode of budgeting which…

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Posted in Economy Finance Politics

Lindner opts for income tax reform

The chairman of the FDP, Christian Lindner, has criticized the provisional reduction in VAT and called for the income tax to be reformed instead. The solidarity surcharge could be abolished at the same time, he indicated. The reduction in VAT leads to bureaucratic effort, Lindner…

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Posted in Economy Finance Politics

2 million applications for Corona Emergency Aid

2 million self-employed and small businesses have applied to the Federal Government’s Corona emergency aid. According to a document by the Ministry of Finance and the Ministry of the Economy, the applications amount to a total volume of 13.7 billion Euros. According to the document,…

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Economic expert for limited non-wage labor costs

The chair of the German Council of Economic Experts, Lars Feld, has questioned the planned basic pension. The reason is that the social security contributions, also known as non-wage labor costs, “should not exceed the 40 percent mark.” In the long run, the basic pension…

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Posted in Economy Finance Politics Technology

Coalition committee approves 130 billion Euro stimulus package

The federal government’s stimulus package will include a total of 130 billion Euros for 2020 and 2021, it was decided on Monday evening by the leaders of the coalition committee. On July 1 and up until December 31, VAT is expected to drop from 19…

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Posted in Finance Politics

The EU should help developing countries during the Corona crisis

Development Minister Müller is committed to ensuring that the EU takes greater account of the global consequences of the Corona pandemic. So far, the EU has not really eyed developing countries in the face of the crisis. An emergency component would have to be installed…

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Posted in Finance Politics

Federal Government wants to provide funds for non-profits

According to plans by the federal government, non-profit organizations are to receive separate support as part of the economic stimulus package. This emerges from a joint key point paper from the ministries in charge of finance, economy, work, family, and home affairs. “The non-profit sector…

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Posted in Economy Finance Politics

CSU wants double tax allowance for single parents

The CSU is committed to doubling the tax exemption for single parents. This should be raised to 4,000 Euros, said Alexander Dobrindt, head of the CSU group in the Bundestag. According to the statistics, there were 2.6 million single parents in Germany two years ago.

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Posted in Economy Finance Politics

Ministry of Family Affairs for compatibility of work and childcare

The Federal Ministry of Family Affairs would like to use a Corona platform that can be called up on the Internet to show companies some good examples of how work, homeschooling, and other forms of childcare can be combined. Federal Minister of Family Affairs Giffey…

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