Tag: Finance
Pension increases
(GermanPolicy.com) – From July, pensioners in Germany are to receive significantly higher pensions, according to an agreement by the the Federal Cabinet and the Federal Council. According to the Federal Ministry of Labor, pensions in western Germany will be increased by 3.35 percent, and by…
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…
Grants for people on welfare
(GermanPolicy.com) – The Federal Cabinet made up of representatives from the SPD, Greens and FDP have decided on surcharges for the needy. For children and young people, 20 Euros more per month should be paid, and adults from families who already receive social benefits such…
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…
CDU-CSU criticizes Federal Government’s budget planning
(GermanPolicy.com) – The two Union parties have sharply criticized the Federal Government’s budgetary policy, which they described as “beautified and built on sand.” The financial expert of the CDU-CSU, Christian Haase, emphasized that the federal budget could not withstand a reality check. This is the…
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…
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…
Tax estimators expect more in tax revenue
(GermanPolicy.com) – According to the Federal Ministry of Finance’s tax estimate, the three traffic light parties, namely the SPD, the Greens, and the FDP, can expect 71.7 billion Euros more tax revenues from 2021 to 2025. If the municipalities are included, an additional revenue of…
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: 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….
