Germany Posts Rise in New Larger Commercial Businesses
The Federal Statistical Office says that the number of newly founded larger firms in Germany rose by more than 13 percent in the first half of 2021. The figure is also 2.5 percent higher than in the first half of 2019 before the onset of the coronavirus pandemic in Germany.
“In the first half of 2020, the corona crisis was already negatively impacting registrations of commercial businesses – so that the marked increase in the larger businesses established is primarily due to the low level of the period last year,” explained statistician Michael Ziebach. “That notwithstanding, however, we do also see a moderate rise compared to pre-crisis levels.”
The Office defines larger commercial businesses as those founded by a legal entity or a company and/or listed in the commercial registry. The number of total commercial registrations – a category that also includes mergers and acquisitions and spin-offs – was up 14.8 percent from January to June 2021 versus the first half of 2020.
The new figures fit in with a pattern of increasingly large expansions by international companies to Germany noted in Germany Trade & Invest’s annual FDI reports.
© istockphoto/Rawpixel Ltd.