Tag: Finance
Karliczek wants to promote research and education
by Thorsten Koch The German Minister of Education Anja Karliczek (CDU) would like to propose an investment program with a volume of 10 billion Euros to the coalition committee on Tuesday, with a view on innovation in research and for improvements in education. The aim…
Trade Union for 150 billion package and car purchase premiums
by Thorsten Koch The IG Metall, a German trade union, has advocated an economic stimulus package of more than 150 billion Euros in order to avert sustainable damage from the German economy. IG Metall chairman Jörg Hofmann emphasized that according to economists, an economic stimulus…
Trade taxes: CDU and CSU want to support municipalities
The Union parties in the Bundestag, CDU and CSU, have presented a concept to relieve municipalities. In contrast to Finance Minister Olaf Scholz (SPD), the Union parties reject the assumption of old debts by the Federal Government. Instead, the trade tax levy that flows to…
Tiered funding for new cars proposed
The Federal Ministry of Economics has plans for purchase premiums cars, making propositions for both electronically operated new cars and new cars with diesel and gasoline combustion engines. Up to 5 billion Euros are earmarked for the efforts. However, the subsidy should be tiered, so…
Lufthansa Supervisory Board confirms rescue package
The Lufthansa Supervisory Board has approved, following the vote of the group management, the Federal Government’s rescue package for the airline. This also includes requirements of the EU Commission. “After an intensive discussion, we decided to agree to the proposal of the management board,” said…
Automobiles and the economy: CSU boss proposes stimuli
by Thorsten Koch The Bavarian Prime Minister Markus Söder (CSU) would like to consider the car industry when it comes to the economic package to be discussed from Tuesday. The “heart of our economy” should be promoted in view of expenditure in this area by…
Ministry of Finance proposes set of measures
Olaf Scholz (SPD), Federal Minister of Finance, would like to increase the duration of the short-time allowance for employees from one to two years. In addition, he presents proposals for a follow-up program of emergency aid in favor of small businesses and solo self-employed persons….
Altmaier wants to speed up approvals
Central approval processes should be completed much faster than before. Federal Minister of Economics Peter Altmaier (CDU) has campaigned for this goal days before the decision regarding the federal government’s stimulus package. Altmaier said, “planning and approval procedures for important national or regional projects must…
Scheuer wants to support mobility and digitalization
Federal Transport Minister Scheuer wants to promote mobility through a 28 billion Euro package, especially concerning the digital infrastructure. For this alone, the Ministry of Transport would like to earmark 8.5 billion Euros. The Federal Government’s digital fund is to be increased by 3 billion…
Schäuble promotes climate, digitization and innovation
The President of the German Bundestag, Wolfgang Schäuble, has appealed to use the state stimulus package for climate, digitization, and innovation. He campaigned for a fundamental renewal of the economy. It is crucial to do the right thing, he pointed out. “We can’t just say:…
IW: At least 100 billion Euros for stimulus package required
According to a study by the Institute of the German Economy (IW), government has so far spent 287.5 billion additional Euros in the Corona crisis and recorded less revenue. Nevertheless, Michael Hüther, the director of the IW, advocated that the economic stimulus package, which will…
Lufthansa board accepts EU requirements
There is agreement between the EU Commission and the Federal Government on the key points of the Lufthansa rescue. The airline is to waive a total of 24 take-off and landing rights in Frankfurt and Munich, as well as eight aircraft. The Lufthansa board has…
