Export To Germany - Business News

Germany's diversity of lifestyle, preferences and ethno-culture has formed an open-minded and tolerant society. Despite social developments, the family continues to be a significant unit of identity and pride for Germans. Good education, a high standard of living and great freedom enable the country to deal positively with transitions and challenges. Germans respect perfectionism in all areas of business and private life. Order, privacy and punctuality come first for German people.

Greece and Germany plan five business cooperation initiatives to trigger growth and boost the Greek economy, said Michalis Chrisochoides, Greece's growth, competitiveness and shipping minister.

The German-Nigerian Business Association says trade between both countries is on the increase with the current volume put at over 2.5 billion euros, against two billion euros in 2009.

Germany has no reason to fear long-term investments in its economy and corporate sector by Chinese firms, but it needs to ensure its intellectual property rights are upheld, ministers said on Monday.

The German Ifo (Information and Forschung) Business Climate report was published earlier this morning, surprising many investors with a modest uptick beyond expectations. Most analysts, myself included, had expected the report to show a stronger downtick than even the forecast 113.6. The actual reading of 114.5 in fact beat last month's reading of 114.2!

Greek Prime Minister George Papandreou sacrificed his finance minister on Friday and put his main Socialist party rival into the job to force through an unpopular austerity plan and avert bankruptcy.

Germany is raising its forecast for growth this year as its recovery from the recession rolls ahead.

Bank Sarasin, a Switzerland based private bank, is planning to open a new branch in Cologne, Germany, in June 2011.

Germany's finance minister says the government will reduce its budget deficit in 2012 to euro31.5 billion ($44 billion), bringing it back below the eurozone mandated ceiling of 3 percent of GDP.

Strolling the broad, prosperous streets of Munich, it is worth recalling the times over the past decade when Gordon Brown used to boast in his budgets about how the UK economy was leaving Germany for dead.

The economies of Japan and Germany, similar in many respects, are often compared. Not only did both rise from the ashes of World War II to become the leading economies in their regions, but they also formed strong manufacturing bases, large numbers of successful midsize companies and enjoyed extreme success in the global export market.

The Global Power Group of Foster Wheeler AG (FWLT - Analyst Report) established two new service centers in Germany and Finland, thus expanding its power boiler service business in these countries. The power plants, in proximity to the service centers, will have access to auxiliary parts, boiler pressure vessel gears and boiler modernization equipments.

The euro zone's dominant service sector picked up speed last month, a survey showed on Wednesday, allaying fears of a double dip recession, but strong growth in Germany and France masked weakness in southern Europe.

France and Germany drove faster expansion of Eurozone services in July while offsetting muted growth in Spain and fall in Italy. At 55.8 in July, up from 55.5 in June, the Final Markit Eurozone Services Business Activity Index indicated expansion of the Eurozone services economy for the eleventh consecutive month. The final index came in below the flash estimate of 56.0 but was in line with the average seen during the second quarter, thereby suggesting no loss of momentum at the start of Q3 from the near three-year high rate of expansion seen in Q2.

Paris 92100 , France. The new office will offer the full range of Copernicus international services including the business to business matchmaking service "Connecting Markets"and the acclaimed market entry support of the Interim Key Account Manager Service.

German factory orders surged in January, more than cancelling the previous month's decline, boosted by demand for goods such as machinery and equipment.

German stocks advanced for a third day, sending the DAX Index to its highest level in more than a month, as Deutsche Lufthansa AG reported a smaller-than- estimated loss for 2009 and carmakers rallied.

GERMAN exports tumbled by nearly one-fifth last year, the biggest fall for 60 years and one that officially knocked the country off its perch as the world's top exporter, government data showed yesterday.

Angela Merkel and Nicolas Sarkozy have unveiled a new 10-year plan, including 80 projects designed to improve Franco-German cooperation. The goal is also to better promote European ideas globally.

Deutsche Bahn AG, Germany's state- owned train operator, expanded its reach in Britain's privatized rail market with a seven-year contact to run streetcars in northeast England.

Retail sales in Germany, Europe's largest economy, increased in December as the improving economic outlook bolstered Christmas spending.

DUBAI - SieMatic, a Germany-based luxury kitchen cabinet manufacturer, plans measures to boost its business in the UAE and explore new markets in the Middle East, a top executive of the company said. The Middle East contributes up to 10 per cent of the total revenue of the company and efforts are being made to increase the share by targeting other countries in the Middle East, specially in Gulf region, Ulrich W. Siekmann, chief executive officer of SieMatic Moebelwerke, said.

Phone group Vodafone plans to resurrect its German Otelo brand as a no-frills mobile product to grab market share from rivals and boost revenue, the company said on Sunday, confirming a media report. Friedrich Joussen, head of Vodafone Germany, hopes to compete with KPN's German unit E-Plus, which has a slew of low-priced brands, as well as Deutsche Telekom and Telefonica's O2 Germany, WirtschaftsWoche reported, quoting company sources. Vodafone plans to sell it online only starting February.

European industrial orders rose more than economists forecast in November on demand for goods such as steel and car parts.

Most small companies seeking to tap overseas markets know they'll have to navigate foreign laws, taxes and regulations. But they also need to figure out how to avoid cultural blunders.

Britain's second largest online fashion retailer, M and M Direct, is preparing to launch operations in Germany.

Sterling hit one-week lows against the dollar and euro this morning, as the pound fell to political uncertainty as Prime Minister Gordon Brown fought off an attempt within his party to unseat him.

Deutsche Bank AG, Germany's biggest bank, posted a fourth straight quarterly profit, buoyed by a tax gain, and said 2010 got off to a "promising"start as trading rebounded in January.

German banks and savings banks intend to launch emergency programmes to help medium-sized businesses weather the crisis better. This was announced by Federal Finance Minister Wolfgang Schauble and Federal Economics Minister Rainer Bruderle on Wednesday evening - a successful outcome of the economic talks held at the Federal Chancellery.