Follow
Subscribe to Germany Trade & Invest
Filter
  • 05.05.2022 – 13:00

    US Tops List of Foreign Direct Investment in Germany

    Berlin (ots) - According to statistics annually compiled by Germany Trade & Invest (GTAI), the number of FDI projects bounced back significantly last year, nearly reaching pre-corona levels. American companies led the way. – 1806 international companies set up shop in Germany in 2021 in the form of greenfield investments. That’s the main result of this year’s GTAI Foreign Direct Investment Report. The number of ...

  • 15.03.2022 – 16:24

    Intel to Invest €17 Billion in German Chip Gigafactory

    Berlin (ots) - American semiconductor manufacturer Intel has officially announced Magdeburg as the location for its new European semiconductor production facilities. It’s the largest-ever foreign direct business investments in the country and in Europe as a whole. The German city of Magdeburg in the regional state of Saxony-Anhalt has beaten out competition from around Europe and attracted a landmark investment from the ...

  • 15.03.2022 – 14:05

    Northvolt to Build €4 Billion Battery Gigafactory in Northern Germany

    Berlin (ots) - The Swedish electric vehicle battery manufacturer says it will construct a major new production facility in the city of Heide near Germany’s North Sea coastline. Swedish green battery maker Northvolt has selected the northern German city of Heide in the regional state of Schleswig-Holstein for a new 60 gigawatt plant. “Northvolt Drei” will be the ...

  • 11.01.2022 – 13:13

    Germany to Triple Tempo of Environmental Transformation

    Berlin (ots) - German Minister for Economic Affairs and Climate Action Robert Habeck says Germany must do far more to achieve its CO2 reduction goals and will dramatically boost renewables, climate-neutral production and energy efficiency. In a remarkably frank and critical “state of the nation” press conference in Berlin, Minister Habeck said that Germany would fall short of its CO2 emissions targets in 2022 and 2023 ...

  • 09.12.2021 – 13:13

    German Company Begins 3D Printing of EV Batteries

    Berlin (GTAI) (ots) - Blackstone Technology has unveiled a new procedure that promises to dramatically reduce costs and increase efficiency in lithium-ion battery production. At the official unveiling ceremony in the eastern town of Döbeln, Blackstone - the German subsidiary of Swiss conglomerate Blackstone Resources – said that 3D printing of electrodes and separators for electric vehicle batteries would bring a ...

  • 06.12.2021 – 13:00

    German Research Offers Innovative Solutions to World’s Most Pressing Issues

    Berlin (ots) - Germany renowned Fraunhofer Institutes have come up with novel approaches to everything from supply chains to digital medical care to agriculture. Europe’s largest economy is buoyed by an extraordinary number of extra-university research centers, as recent developments at one of the most prominent institutions – the Fraunhofer Society – show. There ...

  • 24.11.2021 – 17:05

    New German Government Promises Businesses Continuity with New Accents

    Berlin (GTAI) (ots) - The three-way coalition set to assume power under chancellor-in-spe Olaf Scholz further prioritizes the environmental and digital sectors while maintaining traditional German economic strengths. The leaders of the center-left Social Democrats (SPD), the environmentalist Green Party and the business-friendly Free Democrats (FDP) have agreed a ...

  • 04.11.2021 – 12:56

    Germany Sets New Electric Vehicles Record

    Berlin (ots) - The percentage of EVs among newly registered German cars is at an all-time high, defying current disruptions to the automotive industry. While sales of conventional vehicles have suffered under supply shortages and long delivery times, EVs are rolling out of dealerships in Germany. The German Association of the Automotive Industry (VDA) says that in the month of October, for the first time, electric ...

  • 29.10.2021 – 13:11

    Germany Hopes for Climate Progress at COP 26

    Berlin (GTAI) (ots) - Germany’s historical leading role in coming the economy with ecology could serve as a model for the Glasgow conference, says the country’s international trade promotion agency. The eyes of the world will be trained on Scotland when the COP 26 kicks off on Sunday October 31, and Germany, with its keen interest in climate protection, will following the proceedings especially closely. “We here at ...

  • 25.10.2021 – 13:00

    Germany Offers Corona Insurance for Reopening Trade Fairs

    Berlin (ots) - To help restart the trade fair sector, the German government is providing cover of up to EUR 600 million for corona disruptions to major events. Slowly but surely, live trade fairs are returning to Germany after coronavirus pandemic restrictions forced nearly the entire sector online. To bolster the recovery by helping organizers manage risks, Germany’s national and regional governments have instituted an ...

  • 07.12.2020 – 13:51

    2020 further bolstered Germany's reputation around the world

    Berlin (ots) - Amidst the corona pandemic, a number of international surveys showed that people around the globe have increased regard for German rationalism, stability, respect for law and leadership. Among other things, nations are brands - and Germany got some very good news on that score in October, when it came out on top of the Anholt-Ipsos Nation Brands Index (NBI). It was the fourth straight year and the sixth ...

  • 27.11.2020 – 16:41

    Germany to Invest EUR10 Billion in Start-Up Support

    Berlin (ots) - The German parliament has approved a billion-euro "future fund" to help fledgling companies expand their business. Early on Friday, after a marathon 17-hour budgetary meeting, the German Bundestag approved a massive investment of state capital to promote start-ups in the country. The 2021 budget will see the government provide EUR2.4 billion via Germany's developmental bank, the KfW, and other channels to ...

  • 27.10.2020 – 17:40

    Germany Sets Yearly Solar Power Record

    Berlin (ots) - With more than two months to go in 2020, the amount of photovoltaic energy produced has already exceeded that in 2019. German energy provider Eon says that since the beginning of the year solar energy facilities have fed some 43 billion kilowatt hours of electricity into the national grid. That's already around one billion kilowatt hours more than in all of 2019 and enough to cover the electricity needs of ...

  • 01.09.2020 – 14:09

    Germany Economics Ministry Says Corona Recovery Well Underway / The German government is projecting 4.4 percent growth for 2021, with the economy likely to return to pre-corona levels in early 2022

    Berlin (ots) - Germany's relative success in containing the coronavirus is paying economic dividends. That's the conclusion of the German government drew in its interim economic forecast, which was released on September 1. Government data shows that Germany had already gotten through the worst of the corona-related ...

  • 30.06.2020 – 15:05

    Germany Amps Up Domestic Battery Production with Massive State Subsidies

    Berlin (ots) - The German government is investing more than EUR 1.5 billion in battery cell research and production - a key element in the country's planned transition to clean energy and mobility. Major players in the industry are lining up to get involved in the initiative, and on Tuesday, June 30, German Minister of Economic Affairs and Energy Peter Altmaier ...

  • 20.05.2020 – 13:25

    Foreign Direct Investments Yield Increased German Jobs Tally / Despite a decline in raw numbers, foreign firms that set up shop in Germany in 2019 created far greater employment.

    Berlin (ots) - The number of foreign companies that came to Germany last year declined by around ten percent from the 2018 record of 1851. But Germany profited more from their presence, significantly increasing jobs created from 24,000 (2018) to 42,000 (2019). That was the result of the annual FDI survey carried out ...

  • 04.05.2020 – 14:19

    New Corona Antibody Test Made in Germany "99.8% Accurate"

    Berlin (ots) - Researchers in Penzberg, Bavaria have developed the test for Swiss pharmaceutical company Roche that is being hailed as a "milestone" in the fight against the coronavirus. Roche launched the new serological (antibody-based) test at the company's Penzberg laboratory on Monday, May 4 at a press conference attended by German Health Minister Jens Spahn and Bavarian state premier Markus Söder. On May 3, the ...

  • 06.04.2020 – 16:37

    German Pharma Companies are Meeting the Corona "Stress Test"

    Berlin (ots) - The head of the leading German pharmaceutical industry organization says German firms are working top-speed to find coronavirus medications. Amidst the coronavirus pandemic people in many countries worry whether too many crucial elements in their healthcare systems have been outsourced, in particular to China. But that's not a concern for German pharma, says Han Steutel, the president of the German ...

  • 01.04.2020 – 13:59

    Germany Announces EUR2 Billion Startup "Booster" to Combat Coronavirus Impact

    Berlin (ots) - The German government is readying a massive cash injection to help innovative young companies ride out economic difficulties. The German government is supplementing its existing uncapped aid for businesses to survive the ongoing coronavirus crisis with two billion euros directed specifically at the country's startups. The initiative sees the state ...

  • 26.03.2020 – 14:08

    Germany Devotes EUR150 Million to Connect Research Hospitals into Anti-Corona Network

    Berlin (ots) - The country's many centers of research excellence will now be centrally linked to speed efforts to combat the pandemic Germany's Education and Research Minister Anja Karliczek announced her ministry was investing EUR150 million in the project at a press conference with the chairman and the lead virologist of Berlin's Charité hospital, which will ...

  • 23.03.2020 – 15:48

    Germany starts unlimited relief program for Corona-hit firms

    Berlin (ots) - German government ministries and a state bank have commenced a "Special Plan 2020" to save companies from bankruptcy because of the virus. The Germany Ministries of Finance and Economic Affairs and Energy - together with the state-owned bank for domestic and foreign economic development, the KfW - announced the beginning of the massive economic relief program in Berlin on Monday. The plan aims to ensure ...

  • 20.03.2020 – 13:27

    German companies at the heart of coronavirus vaccine efforts

    Berlin (ots) - There is cautious optimism that biotechnology and pharmaceutic know-how from Germany can help produce a COVID-19 vaccine in the near future German companies CureVac and BioNTech were both in the headlines this week as companies working overtime to develop a vaccine to prevent the spread of coronavirus. That's no accident, say health experts. "Like all modern medicines, vaccines are high-tech products," says ...

  • 05.03.2020 – 12:23

    Germany Poised to Become World Leader in EV Production

    Berlin (ots) - In a new study, McKinsey predicts that Germany will overtake China in making electric vehicles. In its 2020 "Electric Vehicle Index," business consultants McKinsey & Company see a shake-up coming in the electric vehicle sector. "The market share of German carmakers in electric production worldwide will rise from 18% last year to 29% in 2024," the report says. "With over 1.7 million EVs produced, Germany ...

  • 14.01.2020 – 14:26

    Germany to invest record 86 billion euros in rail modernization / The German government and the country's national rail company agree to allocate tens of billions to overhaul train and track system

    Berlin (ots) - Germany has pledged to put 86 billion euros into the upkeep and modernization of its railways over the next decade. The government will be footing 62 billion, while the German rail company Deutsche Bahn (DB) will pony up the remaining 24 billion. The two sides signed the contract guaranteeing the ...

  • 09.01.2020 – 16:13

    New EV and Hybrid Registrations Way Up in Germany in 2019

    Berlin (ots) - Number of new German registrations for electric and hybrid vehicles increased dramatically last year Germany's Federal Office for Motorized Transportation, the KBA, has published figures showing a massive percentage increase in the use of electric and hybrid vehicles. 239,250 new hybrid vehicles were registered in the country last year - a rise of 83.7 percent over 2018. Among those vehicles were 45,348 ...

  • 18.12.2019 – 15:11

    German Construction and Real Estate Enjoying Double-Digit Growth

    Berlin (ots) - Investments posted impressive growth in 2018 in both the building industry and the property market in Germany The currently unsettled international economic climate seems to be having little to no effect on Germans constructing new buildings and buying and selling existing ones. New figures from the Germany's Federal Office of Statistics show that German ...

  • 13.11.2019 – 13:53

    Germany Welcomes Tesla Gigafactory to Berlin-Brandenburg Location

    Berlin (ots) - Political and business leaders have hailed Elon Musk's announcement that EV giant Tesla will build its European plant just outside Berlin. Berlin (GTAI) - The proverbial champagne corks were popping after Tesla founder Musk enthused "Berlin rocks!" and announced the American carmaker would be setting up shop in the German capital and surrounding state of Brandenburg. Tesla reportedly plans to establish its ...

  • 08.11.2019 – 12:14

    30 Years after Berlin Wall, German East Up to Western Economic Standards / Three decades on from communism, the economy in Germany's post-Communist east is comparable to that in much of Western Europe

    Berlin (ots) - As Germans prepare to celebrate the thirtieth anniversary of the opening of the Berlin Wall on November 9, 1989, the nation is taking stock of the economic development of that part of the country which used to be behind the Iron Curtain. Much has been made of economic inequalities between western and ...