Tag: Finance
Building materials for new homes more expensive
New residential buildings have become more expensive in May of this year. The rate of inflation was last that high in 2007. Conventionally built residential buildings cost 6.4 percent more in May than in the respective month of the previous year. Building materials such as…
Chancellor Merkel makes a pledge for additional aid to the Republic of Niger
Federal Chancellor Angela Merkel (CDU) has promised further financial aid to the Republic of Niger during a reception given for the President of Niger, Bazoum, in Berlin. Bazoum emphasized that this was an important element of support from Germany. The German government participates in EU…
Scholz expects additional budgetary means through minimum tax
Federal Finance Minister Olaf Scholz (SPD) expects that the global minimum tax will enable Germany to generate billions of Euros in additional budgetary means. He did not give any specific number. The minimum tax of 15 percent for internationally operating companies ends tax dumping and…
Tobacco tax hike will not be used to prevent addiction
The increase in tobacco tax from 2022, totaling around 500 million Euros, will not be used to prevent addiction. Instead, Federal Finance Minister Olaf Scholz (SPD) had the additional income included in the planning of the overall federal budget. The parliamentarian Till Mansmann (FDP) criticized:…
Hardly any fraud with respect to Corona economic aid
The economic aid that the Federal Government has made available during the Covid-19 pandemic has hardly resulted in attempted fraud. Only about 1 percent of the 17,354 criminal proceedings in which the Federal Criminal Police Office has been engaged, and 1.2 percent in the total,…
New fines for car traffic violations from autumn
This fall, new fines for speeders in car traffic will come into force. The Federal Council still has to approve the respective draft of the Federal Ministry of Transport. After long discussions, the Federal and State Governments agreed on a new catalog of fines. The…
Damage of Property Relating to my Latest Book Project
Two days ago, my desktop files were deleted in what, according to all likelihood, was government or government-sponsored hacking of my work computer. Four months of research on German politics for a new monograph are forever lost, and hundreds of hours of work on my…
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…
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…
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…
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…
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….
