German funds now holding over €4,300bn in assets
Assets have doubled in the past 10 years
Assets have doubled in the past 10 years
Country saw a better year than many of its European compatriots in terms of FDI projects between 2022 and 2023
Sentiment last dipped so dramatically two years ago
Early Stage Fund IX and Growth Fund II will back tech firms across the continent
The number of unemployed people across the country also rose by 82,100 in July
Assets stand just short of the record €4,311bn seen at the end of 2021
But could a maturing eastern European start-up ecosystem prove a competitor?
Tech giants Microsoft and Alphabet have announced heavy investments into the AI landscapes of France and Germany this week. Microsoft is reportedly set to invest €3.2bn in building up its AI infrastructure and cloud capacity in Germany by the end of the next year. The investment is expected to cover the training of some 1.2m…
The German government has predicted the country will see just 0.2% growth in 2024 – a development the finance minister has described as “dramatically bad”. Speaking in Leipzig, finance minister Robert Habeck – tipped by many as Germany’s next Chancellor – warned the nation could not continue as it had, indicating drastic action may be…
German businesses are “significantly” reducing their investment plans, according to the latest economic survey from the country’s ifo Institute. The Munich-based organisation said the investment climate within Germany had “deteriorated noticeably” as a result of higher financing costs, weak demand and uncertainty around economic policy. Companies that specialise in trade, it said, were the most…
The cost-of-living crisis is biting in Germany, with reports this week of surging food inflation and a collapsing fibreoptic sector. The German financial newspaper Handelsblatt ran the two reports, stating in one that food inflation within the country had reached 97% for some items. App company smhaggle had compared prices for the paper, concluding that…
The Halle Institute for Economic Research (IWH) has predicted Germany’s GDP will fall by 0.6 percentage points over 2023, a sharp revision to previous predictions. One of the most-prominent economic organisations on the continent, the IWH has called its new forecast a “strong downward revision” of 0.9 percentage points. It cited a slower recovery in…