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Top related persons:
Siegfried Russwurm - 4 CNBC's Annette Weisbach - 2 Russwurm - 2 Florian Gaertner - 1 Manfred Knof - 1 Knof - 1 DANIEL ROLAND - 1 aren't - 1
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Germany Boxberg Neuliebel Bavaria Europe's Frankfurt Europe France
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German Industry Federation - 4 CNBC - 3 Getty - 2 Photothek - 1 Handelsblatt - 1 Federal Ministry for Economic Affairs - 1 Germany - 1 Frankfurt Cathedral - 1

Search resuls for: "German Industry Federation"


4 mentions found


☆ Germany needs structural change to prevent a shift to the right, Commerzbank CEO says
  + stars: | 2023-09-22 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +2 min
The sun sets behind the lignite-fired power plant of Boxberg on August 18, 2023 in Neuliebel, Germany. Florian Gaertner | Photothek | Getty ImagesGermany needs to implement structural changes if it wants to prevent a political shift to the right, Commerzbank CEO Manfred Knof told CNBC at the Handelsblatt Banking Summit 2023. Knof also said Germany's small-to-medium-sized companies, known as the Mittelstand, were reluctant to invest in their own country because of the structural issues in Europe's largest economy. "We need more activities and ... [a] better framework for the German SMEs to invest in this country," he added. "A lot of family-owned companies ... have very operational plans to relocate," Russwurm said, adding that the current business conditions in Germany had created a "cocktail" of obstacles for companies.
Persons: Florian Gaertner, Manfred Knof, Knof, Siegfried Russwurm, CNBC's Annette Weisbach, Russwurm Organizations: Photothek, Getty, CNBC, Handelsblatt, Federal Ministry for Economic Affairs, Germany, German Industry Federation Locations: Boxberg, Neuliebel, Germany, Bavaria, Europe's
☆ Germany is struggling to move away from its ‘sick man of Europe’ image
  + stars: | 2023-08-24 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +6 min
Germany was first described with that moniker in 1998 as the country navigated the costly challenges of a post-reunification economy. The issues weighing on Germany's economy can be separated into "two very separate battles," Stefan Kooths, research director for business cycles and growth at the Kiel Institute for World Economy, told CNBC. "It is a different sickness [compared to] 20 years ago," Brzeski told CNBC. Energy obstaclesLike most of Europe, Germany's energy prices have been volatile following Russia's full-scale invasion of Ukraine. "Many Germany-headquartered businesses are doing well globally, but they are struggling with operations in their own country," Siegfried Russwurm, head of the German Industry Federation, told CNBC in June.
Persons: DANIEL ROLAND, aren't, it's, Holger Schmieding, Schmieding, Jasmin Groeschl, Stefan Kooths, Carsten Brzeski, China's, Brzeski, Groeschl, Joerg Kraemer, Kooths, Siegfried Russwurm Organizations: Frankfurt Cathedral, AFP, Getty, International Monetary Fund, Berenberg, CNBC, Europe, Allianz, Kiel Institute, World, ING Research, German Industry Federation Locations: Frankfurt, Germany, Europe, France, China, Kiel, Ukraine
☆ German energy prices are so high they're driving companies to relocate, industry body says
  + stars: | 2023-06-21 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +1 min
German energy prices are so high that some companies are considering leaving the country altogether, according to Siegfried Russwurm, head of the German Industry Federation (BDI). CNBC's Annette Weisbach asked Russwurm whether the ongoing energy situation was "bad enough" for companies to relocate, to which he responded: "It is indeed." "A lot of family-owned companies ... have very operational plans to relocate," Russwurm said, adding that the current business conditions in Germany had created a "cocktail" of obstacles for companies. "In my view Germany is an attractive location for both new and existing companies," Habeck said, according to a translation by CNBC. "Of course, materials industries are under pressure as a result of higher energy prices, but there are political decisions to be made."
Persons: Siegfried Russwurm, CNBC's Annette Weisbach, Russwurm, Robert Habeck, Habeck Organizations: German Industry Federation, Industry, CNBC Locations: Germany, Berlin
☆ High energy prices could drive German companies to relocate, industry body says
  + stars: | 2023-06-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh energy prices could drive German companies to relocate, industry body saysSiegfried Russwurm, head of the German Industry Federation, discusses Germany's economic outlook as the country continues to tackle high energy prices.
Persons: Siegfried Russwurm Organizations: German Industry Federation
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