Category: germany
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Germany’s Inflation Rate Slows to 6.1% in May 2023, with Energy Price Increases Easing
Germany’s inflation rate in May 2023 stood at +6.1%, according to the Federal Statistical Office (Destatis). While the rate has slowed compared to the previous two months, it remains at a high level. The year-on-year increase in energy prices was notably smaller in May, contributing to the overall slowdown in inflation. However, food prices continued…
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German exports to CIS Countries (Excluding Russia) Surge While Exports to Russia Decline
Following Russia’s attack on Ukraine, Germany has witnessed a substantial increase in exports to the Commonwealth of Independent States (CIS) countries, excluding Russia. From January to April 2023, German goods worth 2.9 billion euros were exported to the CIS nations. The Federal Statistical Office (Destatis) has reported that these exports experienced a remarkable growth, surpassing…
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Death Figures in Germany for May 2023 Exceed Median of Previous Years by 4%
According to extrapolated data from the Federal Statistical Office (Destatis), a total of 81,114 individuals passed away in Germany during May 2023. This figure surpasses the median of the years 2019 to 2022 for the same month by 4%, equivalent to 2,758 more cases. Notably, the occurrence of flu waves coincided with significantly higher death…
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Wholesale Prices in Germany Experience 2.6% Decline in May 2023 Compared to May 2022
Wiesbaden, 14 June 2023 – Wholesale selling prices in Germany recorded a significant decrease of 2.6% in May 2023 when compared to the same month in the previous year. This represents the largest decline on a year-on-year basis since July 2020, when a similar decrease of 2.6% was observed compared to July 2019. The Federal…
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The Week in the Bundeswehr: Insights and Stories from the German Armed Forces
Every Friday, we bring you a selection of stories and reports that provide a glimpse into the daily lives of the soldiers and civilian members of the Bundeswehr. These narratives highlight their service during deployments, exercises, and ordinary routines. Building a Field Fuel Depot for Air Defender 23 The Joint Support Service is currently setting…
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Germany’s Industrial Production Shows Modest Growth in April 2023, with Energy-Intensive Sectors Facing Decline
Germany’s industrial production showed a slight increase in April 2023, with a growth of 0.3% compared to the previous month, according to provisional data from the Federal Statistical Office (Destatis). However, the revised figures for March 2023 indicated a decrease of 2.1% compared to the previous month. On a year-on-year basis, industrial production in April…
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German Special Pioneers Construct Tank Farms to Support Largest Air Force Exercise in NATO’s History
Location: Wunstorf, Lower Saxony In a remarkable display of military logistics, German special pioneers have built expansive tank farms in Wunstorf to facilitate the refueling of up to 250 aircraft participating in Air Defender 23, the largest air force deployment exercise in NATO’s history. The air base in Wunstorf has become the central hub for…
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Germany’s Industrial Production Shows a 0.3% Increase in April 2023, Energy-Intensive Industries Experience a 1.1% Decrease
Germany’s industrial production recorded a 0.3% increase in April 2023 compared to the previous month, based on seasonally and calendar-adjusted data, according to the Federal Statistical Office (Destatis). Revised figures revealed a decrease of 2.1% in March 2023 compared to February 2023. Over a three-month period from February to April, industrial production showed a positive…
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Germany’s Manufacturing Sector Sees a 0.4% Drop in New Orders in April 2023, Excluding Large-Scale Orders Show a 1.4% Increase
Germany’s manufacturing sector experienced a decline in new orders during April 2023, with a 0.4% decrease compared to the previous month, according to the Federal Statistical Office (Destatis). The provisional data, adjusted for seasonal and calendar factors, revealed that new orders had previously fallen by 10.9% in March 2023. However, a closer look at the…
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Germany’s Exports Show Resilience with 1.2% Growth in April 2023; Imports Decline by 1.7%
In April 2023, German exports experienced a growth of 1.2% compared to the previous month, reaching a value of €130.4 billion. This also represented a 1.5% increase compared to April 2022. On the other hand, imports decreased by 1.7% from the previous month, totaling €112.0 billion, and exhibited a significant decline of 10.3% compared to…
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Massive French Military Exercise ORION Commences in Eastern France with NATO Allies
On April 19th, the fourth and final phase of the French large-scale exercise ORION (Operation de grande envergure pour des armées résilientes, interopérables, orientées vers le combat de haute intensité et novatrices) 23 officially commenced. The French army mobilized all branches of its armed forces, with the participation of troops from several NATO member states.…
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Producer Prices in Germany Experience a 4.1% Increase in April 2023 Compared to April 2022
The Federal Statistical Office has reported a 4.1% increase in the index of producer prices for industrial products in Germany in April 2023 compared to the same month in the previous year. This marks the smallest increase since April 2021 when the growth rate stood at 5.2%. In comparison, the increase in March 2023 was…
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Germany’s Gross Domestic Product (GDP) Records Economic Decline in the 1st Quarter of 2023
The German economy experienced a decline in its gross domestic product (GDP) during the first quarter of 2023, according to the latest report by the Federal Statistical Office (Destatis). The GDP fell by 0.3% compared to the previous quarter, after adjusting for price, seasonal, and calendar variations. This represents a 0.3 percentage point decrease from…
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Germany’s Import Prices Plummet by 7.0% in April 2023, Signaling Steep Year-on-Year Decline
The import prices in Germany experienced a significant drop of 7.0% in April 2023 compared to the same month of the previous year, according to the Federal Statistical Office (Destatis). This marks the sharpest decline in import prices since October 2009 when prices plummeted by 8.1% compared to October 2008. In March 2023, the year-on-year…
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Agreed Earnings in Germany Surge 2.7% Year-on-Year in 1st Quarter of 2023 amid Rising Consumer Prices
Agreed earnings in Germany experienced a notable increase of 2.7% in the first quarter of 2023 compared to the same period the previous year, according to the latest data from the index of agreed monthly earnings, including extra payments. This rise in earnings, excluding extra payments, was slightly lower at 2.5%. Meanwhile, consumer prices witnessed…
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Employment in April 2023 Stable at High Level in Germany
Employment in April 2023 remained stable at a high level in Germany, continuing the upward trend seen over the past year. According to data released by the Federal Statistical Office (Destatis), approximately 45.7 million individuals residing in Germany were employed during this period. The seasonally adjusted figures showed a marginal increase of 15,000 persons (0.0%)…
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Germany’s Commitment to the LSBTIQ* Community
As Pride Month begins, Germany stands in solidarity with the LSBTIQ* community and reaffirms its commitment to their rights and well-being. LSBTIQ*, an abbreviation encompassing Lesbians, Gays, Bisexuals, Transgender, Intersex, and Queer individuals, represents the diverse and vibrant community in Germany. The country’s federal government recognizes the importance of creating a society where all citizens…
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Home Ownership for Families: New Funding Program Supports Affordable Housing in Germany
The German government has launched the “Home Ownership for Families” (WEF) program, aimed at assisting low and middle-income families in realizing their dream of owning a home while securing their future. Families with an annual income of up to 60,000 euros are eligible to receive low-interest loans as part of the initiative. A growing number…
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Cultural Pass: Registration for Cultural Providers Now Available in Germany
The launch of the “Cultural Pass” is approaching. Since mid-May, cultural providers in Germany have been able to register their offerings on the digital platform. On 14 June, the Cultural Pass app will be launched for 18-year-olds. Cultural Pass Graphic The Cultural Pass: All young people turning 18 in 2023 will receive a budget of…
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Increased Benefits and Stable Finances in Germany
The German Bundestag has passed the Care Support and Relief Act, ensuring the stability of the social long-term care insurance. The new legislation aims to provide increased benefits to individuals in need of care, both in nursing homes and for home-based care. Additionally, the financial framework of the insurance system will be strengthened, allowing for…