BMWi

Federal Ministry of Economics Rejects State Funds for Nexperia in Hamburg Due to Chinese Connections: The Nexperia Case and Germany’s China Policy

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2023-06-09 11:57:00 Berlin The Federal Ministry of Economics of Robert Habeck (Greens) does not support the chip manufacturer Nexperia with its plant in Hamburg with state funds as originally planned. The ministry announced on Tuesday that the EU Commission had approved funding for 31 chip projects in Germany. In December 2021, the ministry had submitted … Read more

Recession & continued inflation forecast

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Federal Minister of Economics Robert Habeck The research institutes prepare their forecast for the Ministry of Economics every six months. (Photo: Reuters) Berlin The four leading economic research institutes expect the German economy to shrink. In their joint economic forecast, they expect gross domestic product to fall by 0.4 percent in 2023, as the Handelsblatt … Read more

Company wants to invest over a billion in 2022

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Company wants to invest over a billion in 2022

Siltronic site in Freiberg CEO Christoph von Plotho ruled out a capital increase for the current year. (Photo: dpa) Munich The high-tech group Siltronic wants to become more profitable despite rising costs. This year, 34 to 37 percent of sales should remain as earnings before interest, taxes, depreciation and amortization, as the company announced on … Read more

Uniper writes off Nord Stream 2 and stops new investments in Russia

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Uniper writes off Nord Stream 2 and stops new investments in Russia

Düsseldorf Uniper hesitated longer than other members of the industry – now the Düsseldorf-based energy company is also drawing tangible consequences from the Ukraine war. Uniper will not make any new investments in Russia, the company announced on Monday evening. Uniper does not intend to transfer any further funds to the Russian power plant subsidiary … Read more

Interview with Robert Habeck: “We have to prevent emigration”

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Interview with Robert Habeck: “We have to prevent emigration”

Berlin Federal Economics Minister Robert Habeck (Greens) expects massive economic consequences in the event of a Russian invasion of Ukraine. If “Russia escalates the conflict further, the European Union will respond with tough economic sanctions in coordination with its partners,” Habeck told the Handelsblatt. “We’re prepared for that,” he added. One must say clearly “that … Read more

Habeck’s Ministry of Economic Affairs lets deal burst

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Berlin/Munich The companies had hoped and courted for more than a year. But now it’s clear: The Taiwanese group Globalwafers will not take over its Munich rival Siltronic. The Federal Ministry of Economics missed the deadline in which it should have given its approval for the 4.35 billion euro deal. The House of Minister Robert … Read more