Family firms play a huge role in the German economy, and nowhere more so than in the country’s formerly communist east.
Location / Regions in Structural Transition
The Sierra Nevada Corporation chose Saxony for a EUR 400 million investment to build short-haul passenger aircraft.
Three decades on from communism, the economy in Germany’s post-Communist east is comparable to that in much of Western Europe.
Political and business leaders have hailed Elon Musk’s announcement that EV giant Tesla will build its European plant just outside Berlin.
The city of Schwerin is getting an injection of new business: Swiss medical company Ypsomed has opened a new production facility in the northern German town.
Software giant SAP is expanding its already sizeable investment in Berlin by 200 million euros, reports The Tagesspiegel. The money is earmarked for the construction of a new “digital campus” not far from the German capital’s main train station.
Berlin has a new address for those who want to create the mobility of the future. This spring, a 10,000 square meter co-working and networking space called The Drivery opened its doors, billing itself as “Europe’s Largest Mobility Innovation Community & Marketplace.”
All the regions of Brandenburg are growing – and are popular with foreign investors.
The German capital Berlin has equipped a stretch of road to test autonomous and networked driving.
An exciting new ‘Port of Science’ is being built near the university district in the historic trading city of Magdeburg. With overseas investors already taking advantage, it is on course to become one of the largest research clusters in Germany.