The latest promise to deliver significant weapons was made by Chancellor Olaf Solz in Kyiv in early June, Welt notes. As the investigation of the same newspaper shows, since then Ukrainian diplomats have been trying to get new promises in regular meetings. But they fall flat – and on a strange excuse, notes the same […]
Tag: Germany
Germany: Industry and transport veto cancellation of freight and passenger transport in favor of energy transport
The federal government’s plans to prioritize power transfers on the rail network for the next six months and cancel other freight and passenger services if necessary have drawn widespread criticism from industry and rail companies. This follows from the comments of trade associations on the draft of the planned decree on the energy security of […]
Germany-IW Study: Much of natural gas consumption is tax-advantaged
Germany’s industrial gas consumers have benefited to date from extensive tax concessions. This is what economists from the Cologne Institute for German Economics (IW) report in their recent paper. The companies in question received benefits for 447 terawatt hours last year, amounting to 2.1 billion euros, in the form of tax credits and subsidies. According […]
Germany: ‘There was nothing,’ Chancellor Olaf Scholz said in testimony on Cum-Ex scandal
“Nothing happened,” Chancellor Olaf Solz claimed, testifying today before the Hamburg parliament’s investigative committee looking into his possible involvement in the “Cum-Ex” scandal. Mr Solz, who at the time of the multi-billion euro tax evasion scandal was Mayor/Governor of the Hanseatic city, denied any involvement while insisting he did not remember details of the case. […]
Germany: Palestinian leader Mahmoud Abbas had immunity during his visit to Berlin, the Ministry of Foreign Affairs estimates:
Palestinian Authority President Mahmoud Abbas enjoyed diplomatic immunity during his recent visit to Berlin, according to the German Foreign Ministry, ahead of a police investigation into the Palestinian leader “for inciting hatred” after his statements about “50 holocausts by Israel at the expense of Palestinians”. “In the assessment of the Ministry of Foreign Affairs, Mahmoud […]
Germany: Survey shows dependence on China growing ‘rapidly’
The German economy’s dependence on China grew further in the first half of 2022, with direct investment and the trade deficit climbing to new record highs, despite political pressure on Berlin to moderate its reliance on Beijing, Reuters reports. citing relevant research by the German Economic Institute (IW). At the same time, growth in German […]
Germany: Police investigation against Palestinian President Abbas for ‘inciting hatred’
Berlin police announced today that they have opened an investigation against Palestinian Authority President Mahmoud Abbas on suspicion of “incitement to hatred” after the controversial statements he made in Berlin about the Holocaust. Police filed a complaint against Abbas for “relativizing the Holocaust” after the Palestinian president’s remarks on Tuesday during a joint press conference […]
New record for German electricity
German energy prices rose to a new record, putting more pressure on industrial production and households facing a cost-of-living crisis, according to Bloomberg. Rising gas and coal prices and little sign of relief for Europe’s electricity infrastructure are pushing electricity higher. All this threatens the future of Germany’s industrial regions. This week’s prices are “unbelievable,” […]
Germany: Workers wanted in the tourism sector
The latest figures for Germany, which come from the Federal Labor Office (the corresponding OAED), refer to the month of June. According to them, approximately 7,600 jobs in tourism and catering remain vacant. The Institute of German Economics estimates that in 2020 alone, the first year of the pandemic, around 216,000 workers left the industry. […]
German regulator: Gas storage targets ambitious
Germany is likely to miss the government’s target for natural gas storage levels in November, the head of the country’s energy regulator, Bundesnetzagentur, Klaus Mueller, said on Thursday. Speaking to the German network t-online, Mueller warned that Europe’s largest economy has two difficult winters ahead of it, as reported by Reuters. It is noted that […]
