Siemens has achieved a historic milestone, posting a record profit of €9 billion despite global economic challenges. The company’s revenue rose three percent to nearly €76 billion, attributed to its diversified focus on long-term global trends like digital solutions and…
A new study by the ifo Institute highlights that excessive bureaucracy in Germany imposes an annual cost of up to €146 billion on the economy. The report emphasizes the urgent need for reforms, particularly in digitalizing state services, which could…
Germany’s economic growth forecast for 2025 has been drastically cut to just 0.4%, according to a report from the Sachverständigenrat. This revision follows an anticipated 0.1% GDP decline in 2024, highlighting persistent stagnation attributed to both cyclical and structural issues….
In 2023, CEOs of major German stock-listed companies earned an average of €2.65 million, the highest recorded so far, despite a sluggish economy. The average salary for board members increased by 11%, while female executives still earned more than their…
As Germany grapples with an economic downturn, the economic advisory council, known as the Wirtschaftsweisen, has released its annual report highlighting diverse recommendations for government policy. While there is consensus on the need for financial support, differing opinions persist on…
A recent survey by the ifo Institute reveals that German companies are experiencing their highest order shortage since the 2008 financial crisis, with 41.5% reporting a lack of contracts in October. Key industrial sectors, including machinery and electronics, are particularly…
