Germany is poised for a vigorous economic comeback from coronavirus restrictions, but the business landscape has changed. One of the unexpected winners has been the northeastern port city of Rostock in the regional state of Mecklenburg-Vorpommern.
The eastern German regional state of Brandenburg has invested more than EUR 38.5 million in the Center for Hybrid Electric Systems in Cottbus (CHESCO), a new research institution focusing on environmentally friendly short- to medium-haul flight.
In business, the eastern German state of Saxony is perhaps best known for its microchip industry – the region is nicknamed “Silicon Saxony.” Its automotive sector, which includes facilities of all Germany’s top carmakers, is also quite prominent. Now, the Saxons want to add a third jewel in the crown: robotics.
The Vodafone Group announced that it will establish a global competence center for research, development, and innovation in Dresden.
Vertical farming company Infarm has become the latest German start-up to join the coveted club of companies worth more than USD one billion. That was after a EUR 177 million round of funding.
Europe’s four quickest unicorns all come from Berlin – and that’s no accident. Those are two of the insights to be gleaned from the 2021 report on the state of European tech by venture capital investor Atomico.
Brandenburg will soon be home to Europe’s largest lithium factory. The Canadian company Rock Tech Lithium is starting operations in the Lusatia industrial region.
When Pratyush Saxena decided to move away from London in 2013, he chose the small, eastern German city of Jena as the best location to launch his new business, Ideatarmac.
The solar industry in Germany has emerged from a period of slow growth and is back on track, thanks to the country’s ambitious climate goals and a little help from international companies.
Berlin-based neo-bank N26 announced it had raised additional USD 900 million in fresh capital to take its total value to approximately USD 9 billion.
