With the end of the so-called gasoline discount at the end of August, fuel prices in Germany were again the most expensive among its neighboring countries in the European Union, the Federal Statistical Office (Destatis) reported today.
According to the statistical authority, until September 5,…
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Germany produces more energy from coal and wind
Electricity generation in Germany registered a change in the first half of the year, with a greater share of coal and renewable resources and a decline in gas, the Federal Statistical Office reported today.
Nearly a third of the…
German financial regulator toughens rules to prevent fraud
Bafin president Mark Branson said Thursday that the rules have been changed to prevent fraud. "The purpose of the service directive for the private financial transactions of Bafin employees (...) is to avoid any appearance of misuse of…
Hamburg seeks alliances for green hydrogen in South America
The mayor of the city-state of Hamburg, Peter Tschentscher, signed memorandums to strengthen cooperation with the Chilean Ministry of Energy, the port of Montevideo and the city of Buenos Aires. Specifically, it is about establishing…
Germany announces a plan of reductions and tax aid against inflation
The German Minister of Finance, Christian Lindner, announced this Wednesday a package of fiscal measures of up to 10,000 million euros to offset the impact of high inflation on the purchasing power of citizens, including tax cuts and an…
Germany will apply a tax on gas consumption from October
The rate planned in Germany for all final gas consumers will be applied from October 1st, sources from the Ministry of the Economy announced today.
The exact amount of the surcharge will be published online in mid- to late-August and will…
Binance seeks approval in Germany
Cryptocurrency exchange Binance announced that it is working towards regulatory approval in Germany.
This was said by the CEO of the company, Changpeng Zhao at a conference that is taking place in Hamburg.
The director of the exchange…
GDP decreases and inflation increases in Germany
The German Economy and Climate Minister, Robert Habeck, admitted that the war between Russia and Ukraine is impacting the German economy and pointed out that the new growth projections for the end of 2022 highlight that the GDP will grow…
Deutsche Bank earns more than a billion euros
Deutsche Bank started 2022 with rising net profit, which rose to 1.06 billion euros ($1.1 billion) in the first quarter, Germany's largest financial institution announced.
The result is 17 % more than the 908 million dollars obtained in…
German businessmen demand energy from renewable sources
The president of the Association of German Chambers of Industry and Commerce (DIHK), Peter Adrian, called for the measures planned by the German government to expand the production of electricity from renewable sources to be improved and…
€3 billion for floating LNG terminals
The German government will allocate some 3,000 million euros (about 3,235 million dollars) to four floating terminals of liquefied natural gas (LNG) in the next ten years, according to a letter addressed to the German Parliament.…
Deutsche Bank expects ECB reaction to inflation
The president of Deutsche Bank and the Association of German Banks (BdB), Christian Sewing, stated that he expects a prompt reaction from the European Central Bank (ECB) in the face of the new increase in inflation.
“In the midst of all…