The blockade will not last one day longer than necessaryGerman Chancellor Angela Merkel said Thursday. Additional comments: “The objective is lift restrictions only when warranted“. “We have achieved the goal of reverse the trend in the number of virus cases “. “We have prevented the health system from being overloaded.” “But we have to prepare […]
Tag: Germany
The German Government will allocate an additional 6.2 billion euros to the purchase of vaccines
The German Government plans to release an additional consignment of 6.2 billion euros to the purchase of vaccines against Covid-19, as reported by the Finance Ministry to the parliamentary budget committee. This figure is the sum of the orders already made through the European Commission and the negotiations that Germany carries out. in an independent […]
Consumption will remove olive oil from the Nutriscore labeling system to protect the product
The Ministry of Consumption will remove olive oil from the European nutritional traffic light that it will implement in Spain this year. This system, called Nutriscore and which is already in countries like France, classifies products and labels them by color, based on their nutritional properties. It does it through an algorithm, but the sector […]
The trade balance for December stands at 16.1B euros, below the 16.3B expected
The German trade balance increased in December to 16.1B euros from 15.9B in November (revised down from 16.4B), according to Destatis. The result disappoints the 16.3B expected by experts. The Germany’s current account rose to 28.2B euros from the previous 21.2B (revised from 21.3B), but does not reach the 28.8B estimated by the market. The […]
Health Minister affirms that the three vaccines help prevent serious cases
German Health Minister Jens Spahn said on Monday that the three vaccines approved in the European Union are effective as they help prevent serious cases, Reuters reported. “We cannot currently give people a vaccine option due to limited doses,” Spahn added. He indicated that they need to lower the incidence level of 50 cases per […]
Industrial production falls short of estimates at 0% in December
Industrial production in Germany showed no growth in December, as the official data published on Monday showed, suggesting that the recovery in the manufacturing sector is faltering. Industrial production reached 0% month-on-month, has shown the federal statistical authority Destatis in figures adjusted for seasonal effects, versus the 0.3% rise expected and from 0.9% the previous […]
Germany intensifies the rescue to companies and families with more direct aid and reduces VAT to 7% for bars and restaurants until 2023
The German Government will reinforce with up to 10,000 new million euros the shield to protect families and companies from prolonged restrictions due to coronavirus and to promote economic recovery. There is no date for the entry into force of the new aid package agreed by the three parties that make up the coalition led […]
The ECB dismisses as “illegal” and “meaningless” the petition to forgive debt signed by the president of the PSOE and Podemos
The European Central Bank disqualifies as “illegal” and “meaningless”, the debt forgiveness proposal supported, among others, by the president of the PSOE, Cristina Narbona, and the economic manager of Podemos, Nacho Alvarez. “Debt cancellation is illegal under the treaties, but I would like to point out that it is not just a legal issue or […]
Factory orders fall 1.9% in December, their first decline in eight months
Factory orders fell 1.9% monthly in Germany during the month of December, worsening the expected 1% decline. The indicator thus breaks a streak of seven consecutive months of rises. In November, orders grew 2.7% (figure revised up from 2.3%). To level y-o-y, the indicator grew 6.4% in December, exceeding the estimated 4.1%, but below the […]
Scholz says a decision will have to be made in the coming days whether the debt brake should be lifted next year
German Finance Minister Olaf Scholz said on Thursday that the federal government will have to decide in the next few days whether the debt brake should be suspended next year. Additional comments: “It would be a mistake to opt for austerity policies”. “The question is how we would generate the funds to avoid this.” . […]
