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The Latest Breaking News from DIHK

Bankruptcy boom: Businesses going broke in Europe's biggest economy

Germany faces a widespread corporate insolvency crisis impacting numerous sectors. High energy costs and industrial decline are major contributing factors to this trend. Small and medium-sized businesses are disproportionately affected by these economic pressures. Structural issues like high taxes and bureaucracy also hinder competitiveness. Government reforms aim to address these…

The Economic Times · Jul 10

European industry hits out at Trump’s ‘ludicrous’ demands over Greenland

EU should issue ‘smart’ response to US president’s threat of tariffs against several countries, say business leaders

The Guardian - UK · Jan 19

Germany's Economy Faces Biggest Slump in 20 Years

Germany's chamber of commerce has issued a warning about the country's economy, predicting the most significant decline in 20 years due to multiple factors.

Germany to Surpass China as Top Trade Partner: DIHK

Germany's trade relationship with the United States is expected to surpass its trade ties with China, according to the Association of German Chambers of Co...

German antitrust authority set to gain more powers

Germany's antitrust authority will have more power to crack down on anti-competitive practices under plans agreed by the government on Wednesday, a move business associations could give the state body too big a role to intervene in the market.

Reuters · Apr 5, 2023

Ukraine war expected to cost Germany 160 billion euros by year-end

The Ukraine war will have cost the German economy around 160 billion euros ($171 billion), or some 4% of its gross domestic output, in lost value creation by the end of the year, the head of the German Chambers of Industry and Commerce (DIHK) said.

Reuters · Feb 19, 2023

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