According to figures from the Federation of the German Heating Industry (BDH), 25 percent more new heat pumps were delivered in the country in the first half of 2022 than in the same period the year before.
American semiconductor manufacturer GlobalFoundries has announced a massive new investment in its production facility in the eastern German city of Dresden. The project will be worth at least USD one billion.
The ongoing discord between China and the West over Taiwan, which produces two-thirds of the microchips essential to things like mobile phones and cars, has given rise to fears of renewed disruptions to critical supply chains.
German chemicals multinational BASF has begun construction on a test plant for recycling batteries in town of Schwarzheide the eastern regional state of Brandenburg. The new facility represents an expansion of the company’s activities in this area.
The German capital is famous for its start-up scene and trumps the rest of the country – and most European capitals – when it comes to investments. That’s why international venture capital funds are flocking there.
The European Commission has given the German government a green light for its massive Federal Support for Efficient Heating Networks (BEW) program. The initiative will see some EUR three billion spent between mid-September 2022 and 2026 to make heating in Germany more sustainable.
The German Ministry for Economic Affairs and Climate Action (BMWK) is resuming its “Central Innovation Program for Small and Medium-Sized Enterprises” (ZIM). It’s the largest initiative of its kind in Germany and is involved in an average of 3500 projects annually.
We talk to Germany Trade & Invest’s India director Seema Bhardwaj and director general of the Indo-German Chamber of Commerce Stefan Halusa about relations between the two economic powerhouses.
On January 1, 2022, the latest investment incentive funding map from the Joint Task Program for Europe came into effect. Michael Schnabel, Germany Trade & Invest’s senior manager for Finance & Incentives, tells us what it means for businesses in Germany.
American semiconductor manufacturer Vishay is enlarging its production facilities in the northern German city of Itzehoe. The company has purchased three-hectare plot of land as part of a EUR 300 million project to expand its capacities.