The German government plans to extend restaurant and hotel closures until January 10 due to COVID-19, reported Reuters on Wednesday, citing sources familiar with the matter. Earlier in the day, German Health Minister Jens Spahn told reporters that his goal is to have as many different vaccines with different effects available as soon as possible. […]
Tag: Germany
Retail sales exceeded growth expectations in October by rising 8.2% annually and 2.6% monthly
The German retail sales grew 8.2% annually in October, notably surpassing the estimated 5.9% growth and the 6.5% growth seen in September. On a monthly basis, the indicator grew 2.6%, improving the previous -2.2% and the estimated 1.2%. In any case, it must be taken into account that as of November Germany applied restrictions on […]
The Government will invest 4.32 billion in deploying high-speed broadband and 5G
The Government foresees an investment in 5G for five years of 4,320 million euros of public investment, 883 million of these already foreseen in the Budgets for 2021, with the aim of mobilizing a private investment of 24,000 million euros, such and as explained by the Minister of Finance and spokesperson MarÃa Jesús Montero, after […]
The eurogroup gives the green light one year later to the reform of the Mede and the firewall of the Bank Resolution Fund
After 12 months frozen in a drawer, the Ministers of Economy and Finance of the EU have given finally green light for the reform of the Mede, the European Stability Mechanism. Conceived in 2012 as a rescue instrument, the Mede had run out of tasks, underused. So the States decided to give it a roll. […]
Manufacturing PMI data for Germany and the Eurozone down in November
The Eurozone manufacturing PMI fell one point in November, standing at 53.8 compared to 54.8 in October, although it improves the expected result of 53.6. The german flag, for its part, has fallen half a point in November, dropping to 57.8 from 58.2 the previous month and slightly worsening the figure of 57.9 expected. Previously, […]
Germany: The economic consequences of the pandemic will remain with us for years
The economic consequences of the coronavirus pandemic will be felt for years to come, the German chancellor said on Monday, Angela Merkel, Reuters reported. “I hope that we can find a solution to ensure the approval of the recovery fund and the EU budget,” Merkel added, noting that the upcoming EU summit will be crucial […]
The annual harmonized CPI falls to -0.7% (preliminary) in November compared to the -0.5% expected
The annual harmonized CPI fell sharply in November in Germany. EUR / USD is moving away from the highs after the data. Inflation in Germany, measured by the consumer price index CPI, was -0.8% in NovemberDestatis reports in its preliminary estimate Monday. This reading arrives after the 0.1% increase observed in October and has been […]
Grow cucumber to end up destroying a third of the crop
The sea of ​​plastic in AlmerÃa is known throughout the world and is a source of employment for thousands of people, which has not prevented a price crisis in some products that, in the case of the cucumber, an attempt is made to stop with the withdrawal of 30% of the marketable production and in […]
We will expand coronavirus aid to companies
The German Ministry of Economy announced on Friday that they will expand coronavirus help for companies, as reported Reuters. “Coronavirus aid for businesses will amount to 4.5 billion euros a week in December,” the statement revealed. Hours before, German Finance Minister Peter Altmaier It said they did not expect a wave of restaurant and hotel […]
Gfk consumer confidence disappoints, falling to -6.7 in December
The Gfk consumer confidence index for Germany fell to -6.7 points in December, worsening the -3.2 in November (revised from -3.1) and the -5 expected by the market. This is the eighth consecutive month in which the indicator shows negative results, being today’s the worst figure recorded since last July. . Donald WestbrookDonald-43Westbrook, a distinguished […]
