Berlin (ots) - Germany’s Federal Statistical Office says that 2022 turnover in goods and services in the sector reached 107.5 billion euros – an annual increase of 16.9 percent. Environmental protection is big business in Europe’s largest economy. And it’s grower bigger by the year, as the government figures show. The largest share of the nearly 108 billion euros of turnover in the sector came in climate ...
Berlin (ots) - In a new report, the Organization for Economic Co-operation and Development found that Germany was a world-class environment for AI and pointed out room for further development and growth. The OECD study “Artificial Intelligence Review of Germany” praised Europe’s largest economy for showing “vision” and “leadership” in becoming one of the ...
Berlin (ots) - The German automotive industry association VDA says that 995,000 purely electric vehicles rolled off German assembly lines in 2023. All told, some 1.27 million purely electric (BEV) and hybrid (PHEV) vehicles were made in Germany in 2023, the second highest number in the world behind China. China dominates global EV production, but the vast majority of its cars are sold domestically. By contrast 76 percent ...
Berlin (ots) - European largest economy generated and fed into the national grid 121.5 billion kilowatt hours of electricity in the first quarter of 2024. Renewables accounted for 58.4 percent of all electricity produced in Germany in the first three months of this year. That is more than for any quarter since statistics of this sort began to be collected in 2018. The 121.5 billion kilowatt hours represented an annual ...
Berlin (ots) - The volume of international business expansions to and in Europe’s largest economy increased by over 37 percent last year. Germany attracted 34.8 billion euros worth of international business projects in 2023 – that’s the result of Germany Trade & Invest’s (GTAI) annual FDI study. The figure includes both greenfields and expansions. It does not include any mergers or acquisitions. The comparable ...
Berlin (ots) - EUR 121.4 billion was spent in Germany on reasearch and development - more than ever before in a single year. According to the Federal Statistical Office, the amount of money devoted to R&D rose by seven percent in 2022, reaching an all-time high. The figures include commercial, university and non-university research. R&D investments by businesses grew by eight percent, reaching EUR 81.8 billion. That's ...
Berlin (ots) - Ten percent - that was the annual decrease in German CO2 output last year, according to the Federal Environmental Agency (Umweltbundesamt). Germany emitted 673 million tons of greenhouse gasses in 2023, 76 million million tons fewer than the previous year. That represents a reduction of around ten ...
Berlin (ots) - Germany has introduced new legislation that will relax entry requirements for qualified non-EU professionals who wish to live and work in the country. As of March 1, 2024, a major part of the legislative package to modernize German residence law will come into force in Europe’s largest economy. Easements for the EU Blue Card have already been in place since November 2023. The new support measures mainly ...
Berlin / Brake (ots) - Lhyfe, a leading European producer of green and renewable hydrogen for transportation and industrial applications, is set to begin construction of a 10 MW green hydrogen plant in Brake (Unterweser). The groundbreaking ceremony for the production plant took place on February 1 in the port area of Niedersachsen Ports, the country's largest public seaport operator. According to Lhyfe, the new facility ...
Berlin (ots) - Leading digital industry association Bitkom says that the sector is poised to outperform other parts of the German economy in the coming year. Bitkom predicts that the German information technology and communications market will grow by 4.4 percent in 2024 – three to four times as much as prognoses for German GDP as a whole. In 2023, the industry grew by 2 percent, reaching EUR 215 billion, according to ...
Berlin (ots) - Despite negative headlines and transnational economic challenges, a lot went right for the German business sector in 2023, says the country’s international economic promotion agency, Germany Trade & Invest. German GDP may have been stuck treading water in 2023, but that didn’t deter major international companies from launching major expansion projects in Europe’s largest economy. In August, Taiwanese ...
Berlin (ots) - The country with Europe’s largest economy has eased the requirements for non-EU nationals, particularly those with needed skills, to gain employment permits. As of November 18, rewritten legislation in Germany makes it easier for people from outside the EU who wish to live and work in the country. Under the new Skilled Immigration Act and the new EU Blue Card, people with a university degree and a job ...
Berlin (ots) - Germany is offering support to property owners to install chargers for electric vehicles – applications exhausted the EUR 300 million allocated for 2023 in a single day. The new assistance program is administered by Germany’s development bank, the KfW, and is capped, for the moment, at EUR 500 million. The KfW says that after 33,000 were applications filed within 24 hours, no more requests will be ...
Berlin (GTAI) (ots) - Taiwanese semiconductor manufacturer TSMC plans to construct a massive new production facility in the eastern German city of Dresden. The volume of its Dresden expansion will be at least EUR 10 billion. The new plant for 300-millimeter semiconductors will be located in the heart of the electronics hub often known as “Silicon Saxony.” The German government and the EU will reportedly offer major ...
The latest edition of Germany Trade & Invest's German business podcast, Into Germany, features four pharma industry leaders and experts discussing the future of the sector. BioNTech and Beyond is the topic of the latest episode of the monthly German business podcast Into Germany. Helping us understand where German biotech is heading in the wake of the coronavirus pandemis are Laura Matz and Maike Becker-Krüger from the ...
Berlin (ots) - Despite recent dips in financing, more and more young technology companies are being founded in Europe’s largest economy. The recovery is being driven in part by the intense interest in artificial intelligence applications. The numbers of new start-ups in Germany is back on the rise. That’s the conclusion of a survey done by the Internet platform Startupdetector in association with Germany’s Start-Up ...
Berlin (ots) - The European Council has approved new regulations requiring batteries to be far more recyclable. The rules mean novel business opportunities in Germany. Under the regulations, producers will be responsible for collecting set percentages of waste portable batteries (63% by the end of 2027 and 73% by the end of 2030). Moreover, they will have to meet dedicated collection objectives for waste batteries from ...
Berlin (ots) - Europe’s largest economy is backing the initiative to optimize conditions for fledgling companies throughout the European Union and Iceland. Germany’s startups commissioner, Anna Christmann, has announced that Germany is becoming a member of the Europe Startup Nation Alliance (ESNA). She made her statement today at the Viva Technology Conference in Paris, France. The German Ministry for Economic Affairs ...
Berlin (ots) - German government spending on energy research rose by 13 percent last year. That’s according to the Ministry for Economic Affairs and Climate Action’s (BMWK) annual report on the topic. The state invested EUR 1.11 billion in 7365 running and 1661 new energy research projects. Almost EUR 320 million in additional money went to the Helmholtz Society, one of the largest research organizations in the world. ...
Berlin (ots) - The German Ministry of Digital and Transportation is putting more than EUR one billion into climate-friendly transport vehicles. This additional money comes after the ministry received four times as many applications for support for projects in its 2022 round of funding compared compared with 2021. “The market for emissions-free transport vehicles has begun to take off,” said Digital and Transport ...
Berlin (ots) - The governing German cabinet has approved plans for to establish a core network to distribute hydrogen as an energy carrier throughout the country. The proposed legislation is part of Germany’s ambitious strategy to become CO2-neutral in years to come. Green hydrogen is an integrtal part of those plans. “Our goal is to rapidly scale up the hydrogen ...
Berlin (ots) - The United States and post-Brexit Britain drove an unprecedented level of FDI in Germany in the past year. Even without a huge investment by chipmaker Intel, the value of business expansion was up considerably. Despite the economic turmoil following Russia’s war on Ukraine, 2022 was a record year for international business expansion to Germany. That’s the conclusion of the annual FDI Report by Germany ...
Berlin (ots) - Germany’s governing cabinet has decided to require all newly installed heating units, as of next year, to be at least 65 percent renewably powered. Government assistance to homeowners will be provided. The proposed legislation, which now goes to Germany’s parliament for ratification, is a revision of the country’s existing Buildings Energy Act (GEG). The 65-percent rule applies only to newly ...
Berlin (ots) - Germany’s governing cabinet has agreed draft legislation aimed at dramatically lowering its energy use by increasing efficiency. The Energy Efficiency Law (EnEfG) fulfills a mandate from the European Union’s Energy Efficiency Directive, requiring energy savings of 11.7 percent, or around 1.5 percent a year, by 2030. It now goes to Germany’s parliament for ratification. “Together we must all ...
Berlin (ots) - After marathon negotiations, Germany’s government coalition has agreed to massive investments and streamlined permit procedures for transportation infrastructure. Representatives from the three parties that make up the German government – the center-left Social Democrats, the environmentalist Greens and the business-friendly Free Democrats – have ...
Berlin (ots) - The Federal Statistics Office has published some surprisingly good numbers for German services and manufacturing in 2022 and early 2023. Hefty growth in services and a possible upward trend in industry – that’s the news coming out of Germany’s official government body for economic and other statistics. The Federal Statistics Office reported an increase of service sector turnover of 9.2 percent for ...
Berlin (ots) - The German digital sector will smash its previous record for turnover in 2023, predicts the country's leading digital industry association. Digital is doing extremely well in Deutschland. That's the conclusion of a study by industry organization Bitkom. It calculates that digital business in Europe's largest economy will be worth EUR 203.4 billion this year. That represents a year-on-year increase of 3.8 ...
Berlin (ots) - The German government will be constructing the facility together with two private companies to receive imports from Saudi Arabia as part of its clean energy transition. Germany has decided upon the northern city of Hamburg for the country’s groundbreaking new green ammonia landing site. The operational start is planned for 2026. The facility will be a milestone for Germany’s efforts to decarbonize ...
Berlin (ots) - Germany’s main parliament, the Bundestag, has passed legislation allowing small and medium-sized businesses, as well as private households, to skip their December gas bills. Germany is taking an unusually direct approach to help companies and individuals get through the short-term price increases for gas and heating currently affecting many countries in the world. It’s taking over gas bills for ...
Berlin (ots) - Germany’s Ministry of Economic Affairs and Climate Action (BMWK) has contracted software company QMWare and cloud specialist IONOS, together with the University of Stuttgart and the Fraunhofer FOKUS research institute, to construct a platform for quantum computing applications for German industry. ...
