Tag: 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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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….
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…
