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May 2002 - Nr. 5


The Editor
Vorsicht Satire!
Antje berichtet
Hier O.K. Berlin!
K-W and Beyond
German Theatre
COC Opera Duo
Die Alte Dame
German Studies
Gone Fishing
40 Years Lein's
Wines of Austria
Sportclub 64 Toronto
Dick reports...
Sybille reports
Ham Se det jehört?
Ganghofer Treffpunkt
40 Years Beatles
Deutsche Regisseure...
Lost Film Era
Historical Centre
Der Nürburgring
Deutsche Autos in USA
To Do Business
Stained Glass Windows
Berlin History Museum
Online Village
World Cup 2006
Economic Upswing
"Hesse Year"
German Beer Day

More and More, Germany Is the Place to Do Business

   TWIG - According to a study conducted by the U.S. accounting firm Ernst & Young, foreign investors are being drawn in growing numbers to Germany. The Federal Republic’s share of all foreign direct investment (FDI) increased from 9% to 10% in 2001 - the only European country to gain share last year. Overall, FDI in Europe contracted by 12% last year, a trend Germany bucked by posting its 1% gain. The United States remained the biggest investor, followed by Germany itself. Despite stagnating technology markets, software sector investments still accounted for the greatest portion of FDI. As Europe’s largest economy, and in light of the EU’s eastward expansion, Germany is particularly well positioned as a business and travel hub. "Germany is prized for its high-quality infrastructure and reliable legal system," said Ernst & Young manager Karl Hamberger. Disadvantages cited by the study were the relative inflexibility of the labour market and high wages. Among the ten best areas for investment in Europe, two are in Germany: the Darmstadt region of Hessia (No. 5) and Bavaria (No. 7); London, England retained its No. 1 ranking.

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