Category: germany
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Germany and Switzerland pledge support for Ukraine and express concern over Russia’s threat to European security architecture
German Chancellor Olaf Scholz and Swiss President Alain Berset met in Berlin to discuss their countries’ close relationship and cooperation in promoting democracy, the rule of law, and human rights. They also discussed the Russian aggression against Ukraine and the importance of a rules-based international order. Chancellor Scholz emphasized that Germany and its allies are…
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German Military Commander Discusses Nuclear Threat from Russia in ‘Nachgefragt’ Episode
Since the outbreak of the Ukraine war, President Vladimir Putin has repeatedly threatened to use nuclear weapons, causing concerns about a potential nuclear threat from Russia. Oberst i. G.im Generalstabsdienst Stephan Saalow, Commander of the ABC (Atomic, Biological, Chemical) Defense Command of the German Armed Forces, discusses this issue in an episode of “Nachgefragt”. He…
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Producer Prices of Agricultural Products in Germany Show Year-on-Year Increase of 20.4% in February 2023, Slowing for Fifth Consecutive Month
https://www.destatis.de/EN/Press/2023/04/PE23_149_61281.html https://www.destatis.de/EN/Press/2023/04/PE23_148_61211.html
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German Tourism Shows Signs of Recovery with 40.5% Increase in Overnight Stays in February 2023, But Still Below Pre-Pandemic Levels
The Federal Statistical Office (Destatis) has released data on nights spent by visitors in Germany in February 2023. According to provisional results, there were 26.4 million overnight stays recorded in accommodation establishments, which is a significant increase of 40.5% compared to February 2022, when there were still closures and restrictions due to the Covid-19 pandemic.…
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Germany-Russia Trade Plunges: Russian Imports to Germany Down by 91% in February 2023 Amidst Conflict in Ukraine
Germany’s trade relationship with Russia has been severely impacted by the ongoing conflict in Ukraine, resulting in a significant decline in imports. In February 2023, German imports from Russia plummeted by 91% compared to the previous year, totaling just 0.3 billion euros, down from 3.7 billion euros in February 2022. This sharp decline in trade…
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Inflation in Germany Remains High at 7.4% in March 2023, Driven by Food and Energy Price Increases
The consumer price index (CPI) in Germany showed an inflation rate of +7.4% in March 2023 compared to the same month a year earlier, which is slightly lower than the previous two months. The increase in energy product prices slowed considerably to +3.5% year on year in March, down from +19.1% in February and +23.1%…
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German Sustainability Code: Transparent Reporting for Sustainable Business Practices
The traditional financial reporting in a balance sheet and profit and loss statement does not capture non-financial performance, even if it is significant for sustainability. In a society where sustainable actions are increasingly demanded, traditional reporting is insufficient. Therefore, the Council for Sustainable Development has developed a cross-sectoral and independent code that is applicable regardless…
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Germany Introduces €49 Nationwide “Deutschlandticket” for Unlimited Public Transportation Access
Starting from May 1, 2023, Germany will introduce a nationwide ticket called “Deutschlandticket” that allows citizens to use public transportation throughout the country for €49 per month. The ticket can be purchased digitally through an app or on a chip card, and it is valid for all participating local and regional transport companies, state tariffs,…
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Bundeswehr Tests Exoskeletons for Logistics Support in Field Tank Base Construction
The German Bundeswehr is testing exoskeletons to provide logistics support in the construction of a field tank base for the Air Defender 23 exercise, which will involve 24 nations with 220 aircraft. The field tank base is being constructed by the German Armed Forces Joint Support Service (SKB) in collaboration with the 164th Pioneer Regiment…
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Bundesbank Taps Risk Provisions for 2022 Amidst Monetary Policy Turnaround
https://www.bundesbank.de/en/tasks/topics/annual-report-2022-904442
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Truck Toll Mileage Index in March 2023: Month-on-Month Decrease of 2.6%
In March 2023, the mileage of trucks subject to tolls with at least four axles on federal highways in Germany decreased by 2.6% compared to February 2023, after calendar and seasonal adjustments. According to the Federal Office of Logistics and Mobility (BALM) and the Federal Statistical Office (Destatis), the seasonally adjusted truck toll mileage index…