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- ECB’s future banking supervision will be risk-focused
Frank Elderson’s insights promise a future of impactful and legally sound banking practices. Dive deeper into this exciting development now. - Frankfurt Demonstrated Against Right-Wing Politics in Colorful March for Tolerance
The event was part of the nationwide movement “Zusammen gegen Rechts,” a network dedicated to combating the rise of the far-right party AfD and right-wing extremism across Germany. - Building Prices for Residential Buildings in Germany Rose in February
Building prices for residential buildings in Germany rose by 2.8% in February 2024 compared to February 2023. - Eurozone Households and Non-Financial Corporations Saw Stable Rates in 4Q
Households and non-financial corporations in the euro area saw financial investment and financing increase at stable rates in the fourth quarter of 2023, the European Central Bank (ECB) said Tuesday. - 5% of Germans Are Offline
5% of the population aged 16 to 74 in Germany are offline, facing challenges in daily tasks due to the increasing reliance on online services. - Update: Germany’s Biggest State Starts Digital Governance Tool
Telekom digitalizes public committee work in Germany with Linkando tool approved by NRW, enabling digital collaboration for public sector meetings and votes. - German Public Spending and Revenue Show Improvement in 2023
The reduced deficit, particularly when compared to the record deficit of 2020, indicates a recovering economy and more effective fiscal management. - German Inflation Rate Prediction For March 2024 at +2.2%, Lowest Since April 2021 – Destatis
German Federal Statistical Office predicts inflation rate for March 2024 at +2.2%, the lowest since April 2021. - German Gas Prices for Private Households down 6.9% in the Second Half of 2023
Gas prices for non-household customers fell by 12.5%, electricity prices by 1.7%. - Event-Hinweis: KI-Stammtisch beim DJV
KI-Stammtisch beim DJV - Update: German Public Debt Reached €2.445 Trillion, Climbs by €77.4 billion in 2023
Public debt in Germany increased by 3.3% in the 4th quarter of 2023 compared to the end of 2022, - Import Prices for Cocoa Beans Up 73.4% in January
Import prices for cocoa beans increased by 73.4% in January 2024 compared to the previous year, marking a significant rise in costs for a key chocolate ingredient. - Every 7th Asparagus Spear Grew in Germany, Most Others Imported From Greece
86% of imported asparagus in 2023 came during the season from March to June, totaling 19,300 tons, while Germany’s own asparagus harvest remained relatively low at 111,900 tons. The majority of imports came from Greece, Spain, Italy, Mexico, and Peru. Germany exported only 3,200 tons of asparagus in 2023. - Update: Waterway Freight Hits Multi-Decade Low Due To Lower Coal Shipments
Amid a weak economic climate, the freight volume in inland waterway transport has fallen by 25.9% since 1990 and 16.3% since 2019, the year before the crisis. - Update: Slump in German Construction Industry Continues, Revenue Decline in January 2024
In January 2024, the order intake in the construction industry decreased by 7.4% compared to the previous month but was 1.3% higher than the same month last year. - German Exports to non-EU countries +0.3% in February 2024
German exports to non-EU countries in February 2024 increased by 0.3% compared to January 2024, totaling 59.4 billion euros, the the Federal Statistical Office said Friday. - Update: Crédit Mutuel Sanctioned With €3.54 Million For Not Following ECB Rules
ECB sanctions Crédit Mutuel for not following ECB rules on internal models, fined €3.54 million. - Update: ECB Confirms Seamless DKK / EUR Payments from April
Denmark is joining T2 and TIPS to integrate the Danish krone into Eurosystem’s payment services by April 2025. ECB and Danmarks Nationalbank signed an agreement for this. The Danish krone will be the third currency available for instant payment settlement in TIPS. - Many Young Ukrainians Are Now Educated In Germany
In 2023, 249,800 young people in Germany started educational programs bridging school and vocational training, with a 4% increase from the previous year. The rise is attributed to Ukrainian youths fleeing the Russian invasion. - Producer Prices of Industrial Products in Germany Decreased in February 2024Producer prices of industrial products in Germany decreased by 4.1% in February 2024 compared to February 2023.
- German Forests Absorb 52.5 Million Tonnes of CO2
On the occasion of the International Day of Forests on March 21, the Federal Statistical Office (Destatis) Tuesday said German the country’s woodlands, with their entire ecosystem, absorbed approximately 14.3 million tonnes of carbon, equivalent to around 52.5 million tonnes of carbon dioxide (CO2). - Qiagen Collaboration with IPPA Aims to Improve Global Tuberculosis Screening
In a significant move to enhance tuberculosis (TB) screening globally, Qiagen has announced a partnership with the International Panel Physicians Association (IPPA). - ECB and EBA Collaborate to Streamline Banking Industry DataECB and EBA collaborate to streamline banking industry data reporting, forming a Joint Bank Reporting Committee to enhance efficiency by harmonizing reporting standards.
- Update: Bus Travel is on the Rise – Daimler Trucks
The coming decade is expected to witness a substantial rise in the significance of bus travel globally, Daimler Buses said Monday. - Germany Reports Decrease in Waste Exports and Imports in 2023
16.3 million tons of waste and scrap were exported from Germany in 2023, with 13.4 million tons imported. Most exports go to European countries, while imports mainly come from Europe. Majority of exports and imports are unrefined metals like iron and steel. - Another Steep Drop for German Housing Permits
Significant decrease in housing permits in Germany in January 2024 compared to the previous year: -23.5%. - Egg Ground farming Still Dominant Breeding Method
Egg production in Germany slightly decreased in 2023, with free-range hen farming increasing while organic production slightly declined compared to the previous year. Ground farming remained the dominant method. More details can be found on the Statistisches Bundesamt website. - February: 18.1% More Insolvency Applications in Germany
18.1% more insolvency applications in Germany in February 2024 compared to February 2023. - Champignon Harvest in Germany Increased 2% in 2023
Champignon harvest in Germany increased by 2% in 2023 compared to 2022, with nearly 98% of the edible mushroom production being Champignons. - Number of German Students Up 1% in School Year 2024
1.0% increase in student population for the 2023/2024 school year in Germany. - Most German Union Workers Already Inflation Compensation of €2,700 on Average
Over three-quarters of German unionized workers receive an inflation compensation bonus averaging 2,761 euros. - 10 Key Insights Into “Peak Globalization” – DHL Global Connectedness Report
DHL Group’s new press release reveals that globalization has reached a record high despite recent global challenges like the pandemic and geopolitical conflicts. - German Wholesale Prices in February 2024 3.0% Lower Than a Year Ago
Wholesale prices in February 2024 were 3.0% lower than in February 2023, with a slight decrease of 0.1% from the previous month. - January German Agricultural Producer Prices 7.7% Lower YOY
In January 2024, agricultural producer prices were 7.7% lower than in January 2023, with plant products down 3.0% and animal products down 10.7%. Prices rose 0.9% from December 2023. - Modest Increase in Germany’s Public School Spending Per Student
Public schools in Germany spent an average of 9,500 euros per student in 2022, a 4% increase from 2021, with most of the funds going towards personnel costs. - ECB’s Relocation to Gallileo Building Preserves Frankfurt’s English Theatre
The ECB’s move to the Gallileo building is a powerful example of how corporate decisions can have a lasting impact on cultural heritage. By ensuring the return of the English Theatre to the Gallileo building, the ECB is not only achieving its goals for more efficient and sustainable operations but also playing a vital role in the preservation and promotion of cultural heritage in Frankfurt. This move reflects a growing trend of corporations recognizing their broader societal responsibilities beyond mere business operations. - Growth of Settlement and Traffic Areas in Germany Decreased Mildly
Destatis said Tuesday that the average daily growth of settlement and traffic areas in Germany decreased to 52 hectares per day from 2019 to 2022, down from 55 hectares per day in the previous years. - German Inflation Rate Eases to 2.5% in February 2024 – Lowest in 3 Yrs
German Federal Statistical Office press release states inflation rate in February 2024 at +2.5%. - German Brick-And-Mortar Retail Revenue Down 35% Over 20 Years
According to the Federal Statistical Office (Destatis), in 2023, German department and retail stores reported a real (price-adjusted) revenue decline of 34.8% compared to 2003, Destatis said Monday. - Germany’s Truck Toll Mileage Index Rises in February 2024
The index, which tracks the performance of toll-liable trucks with at least four axles on federal highways, showed a 1.5% rise from January 2024, after calendar and seasonal adjustments. - ECB Leaves Rates Unchanged, Faces CPI Upside Pressures From Wage GrowthThe European Central Bank’s (ECB) executive board Thursday decided decided to keep the three key ECB interest rates unchanged.
- Wind Power Spearheads Germany’s Shift to Renewable Energy in 2023
In 2023, 56% of Germany’s electricity was generated from renewable sources, with wind power being the most significant at 31%. - German Services Saw 2% Increase in 2023
In 2023, the service sector in Germany saw a 2.0% increase in revenue compared to the previous year. - German Exports In January 2024 Increased 6.3%
Imports also rose by 3.6% to 108 billion euros. The trade surplus for January 2024 was 27.5 billion euros. - Rwanda Leads With 61.3% Female Representation in Parliament, Germay 35.3% Women
Rwanda Leads With 61.3% Female Representation in Parliament, Germay 35.3% Women - Euro Area Bank Interest Rates Show Mixed Trends in January 2024
Euro area bank interest rate statistics for January 2024 show changes in interest rates for loans and deposits. Composite interest rates for new loans to corporations and households varied, while rates for new deposits also fluctuated.