Berlin (ots) - Better-than-expected growth figures and rising business confidence suggest that Europe’s largest economy is on the upswing. German GDP growth slightly exceeded expectations in Q2 2026, compared to the previous quarter, coming in at 0.3% instead of the anticipated 0.2%. That’s according to figures just published by the country’s Federal Statistical Office. Year-on-year growth was one percent. While not ...
Berlin (ots) - The first six months of this year saw the founding of a record 3053 fledgling tech companies. That’s according to a study carried out by the interest group German Startups Association and the database Startupdetector. The figure represents an increase of 52 percent over the second half of 2025. More ...
Berlin (ots) - Germany Trade & Invest’s annual report on foreign direct investments shows a mild drop last year in the number of greenfield and internal expansion projects. A total of 1564 foreign direct investment (FDI) projects were implemented in Germany in 2025. That’s 9.3 percent fewer than in the previous year. The volume of the expansions dropped by nearly ...
Berlin (ots) - Germany’s state economic development bank, the KfW, says that financing of start-ups increased by six percent annually in the first quarter of this year. 1.7 billion euros flowed into young companies in Europe’s largest economy, according to a new KfW study. The rise is down to a broad development on the VC market rather than a handful of mega-deals, the bank added. International investors are playing a ...
Berlin (ots) - Foreign companies put EUR 96 billion into their German business, compared with EUR 43 billion in 2024, says a new study by the think-tank German Economic Institute (IW). The report, which is based on figures from Germany's national bank, the Deutsche Bundesbank, states that, with the exception of the coronavirus pandemic, international companies invested ...
Berlin (ots) - The 105-member “Made for Germany” group says it will spend hundreds of billions in the coming three years, stimulating the national economy. The announcement, which comes amidst government conferrals on the economy, attaches a new, higher figure to promises made in July of massive private-sector stimulus. The “Made for Germany” initiative is led, among others, by Siemens and Deutsche Bank. Since the ...
Berlin (ots) - The country leads the rankings for Europe across the board in the International Federation of Robotics 2025 World Report. The annual study by the International Federation of Robotics (IFR) again identified Germany as the only European country in the world top five in a raft of categories. Germany is the global number four in terms of industrial robot density (449 per 10,000 people employed in ...
Berlin (ots) - Venture capital invested in fledging companies in Europe’s largest economy has dramatically increased, and the number of firms being founded is on the rise as well. The first six months of 2025 saw 1500 new startups established – a rise of nine percent compared with the previous six months. That’s according to the report “Next Generation – Startup Foundings in Germany,” jointly published by the German Startup Association and the platform ...
Berlin (ots) - Germany Trade & Invest’s annual survey of foreign direct investment indicates that, despite a variety of challenges, companies are continuing to expand at a high rate in and to Europe’s largest economy. 1724 companies from abroad announced greenfield and expansion projects last year – that’s according to 2024 FDI Report compiled by Germany’s ...
Berlin (ots) - The American artificial intelligence software giant is planning its first German office in Munich. The company, best known as the creator of the chatbot ChatGPT, said that the new office would open in the coming months. As one reason for its expansion, OpenAI cited the fact that, in Europe, Germany has the greatest number of users, paying subscribers and API developers building on OpenAI’s technology. “Germany is renowned for its technical expertise, ...
Berlin (ots) - Exports to the United States have propelled the US to the top of the list of Germany's business partners. According to calculations by Germany Trade & Invest, Germany’s international business promotion agency, trade between Germany and the US reached €255 billion in 2024, marking an annual increase of 0.8%. Meanwhile, trade with China decreased by 2.9%, falling to €247 billion. This is the first time ...
Berlin (ots) - Swedish energy company Vattenfall has announced an ambitious investment plan, pledging to invest more than EUR five billion by 2028 into renewable energy, e-mobility, and other sustainable solutions in Germany. "Germany is the fastest-growing market for renewable energy in Europe," said Vattenfall's ...
Berlin (ots) - The American IT giant has selected the southwestern German town of Ehningen as the site for its second quantum computing facility worldwide. At the inauguration ceremony, German Chancellor Olaf Scholz highlighted that Germany has invested more than EUR 2 billion in quantum computing. “There is a great deal of capacity and willingness to use these facilities for research,” Scholz said. “We have the ...
Berlin (ots) - The number of new industrial robots deployed in Germany rose by 7% in 2023 – marking the largest annual increase ever recorded. According to the International Federation of Robotics' "World Robotics 2024" report, 28,335 new industrial robots were installed in Germany. This significant rise is especially notable as robot installations declined in the world's four leading countries for robotics: China, ...
Berlin (ots) - Dutch company AMG has opened Europe’s first lithium refinery plant in the eastern German area of Bitterfeld-Wolfen, as the German government pledges a billion euros to support domestic and international raw materials projects. The refinery is expected to produce 20,000 metric tons of battery-grade lithium hydroxide annually – sufficient to supply around half a million electric vehicle batteries. This ...
