Foreign banks in Germany have the highest growth rates in terms of commercial credit lines. That’s the conclusion of a study carried out by Fox Corporate Finance (FCF).
Industries / Consumer Industries & Corporate Services
The German Association of e-commerce says that consumers spent around 17.36 billion euros on online purchases in the second quarter of 2019 – that was 11.3 percent more than in the same period in 2018.
London-based challenger bank Revolut is opening a new tech hub in Berlin. Around 80 people will be employed there, including software engineers, data scientists, product managers and marketing experts.
Fruit and vegetables don’t get any fresher than when they’re still growing. That’s the idea behind the hot Berlin start-up Infarm, which has come up with a technique to grow and not just sell fresh produce in supermarkets.
Japan’s Toppan Printing is bidding to buy the western German interior décor producer Interprint. Subject to approval by Germany’s Federal Cartel Office the sale should go through by the end of 2019. The Tokyo company was attracted by Interprint’s tradition and solidity.
Hamburg fintech start-up Exporo hosts a digital platform for property investments and aims to make this sector accessible to small investors. “We want to change the way you invest in property,” Exporo CEO Simon Brunke says.
Germans love to shop, but increasingly they prefer doing so without actually going to stores.
German consumers can be fairly conservative, but they’re now catching on to the advantages of paying for purchases without physical money.
The 2019 Game of the Year Award for German language board and card games has gone to “Just One” by Ludovic Roudy und Bruno Sautter.
Germany’s second largest beer producer Oettinger has come up with a beer mixed drink using hemp. With an ABV of only 2.5 percent, it contains beer, green tea and herbal extracts, and THC.