From Notrickszone
By P Gosselin
Energy prices soar… Regulations… 35% of German companies say the state is too hostile to business.
Blackout News here reports how a growing number of German industrial companies migrate their production abroad, driven by energy costs, stifling bureaucracy and increasing tax burdens.
As Germany becomes greener, more and more companies are closing and moving out. GROK AI images.
A recent survey conducted by the German Chamber of Commerce and Industry (DIHK) showed that now, a staggering 35% of companies will reduce costs is the main motivation for their foreign investment, the highest number since the 2008 financial crisis.
It's worrying news for the country, which has recently voted to determine the changes in the recent national elections. But since then, Prime Minister candidate and election champion Friedrich Merz has broken his major campaign promises, instead promising further accelerated destructive green policies and accumulating debt like never before.
German companies seeking a business-friendly environment
DIHK reported that the traditional drivers of developing new markets abroad now account for only 30%, instead, the focus has shifted significantly to the economic advantages of ensuring a more favorable location for cost structures.
There is little hope for reform
Energy-intensive industries are particularly experiencing international competition in strengthening relocation trends. While ongoing alliance negotiations between CDU, CSU and SPD are working on ways to reduce electricity bills and reduce grid bills, the company is skeptical that these steps will affect bleeding.
DIHK President Peter Adrian called for “more freedom, lower costs and faster administrative actions” to restore Germany's competitiveness.
Germany's business appeal as an investment destination is clearly declining and reaching a critical moment. Domestic investment is weak, and two-fifths of industrial companies plan to expand their investment in Germany.
Meles breaks all his major campaign promises
The blackout news warns that without rapid and comprehensive reforms, Germany's long-term competitiveness as a commercial location will face significant threats, which could lead to further emergence of its important industrial base.
When the German CDU party was negotiated by Friedrich Merz with the party that established a new government by SPD socialists, early signals showed that things would get worse than better as Merz violated his campaign promises. In a recent survey, nearly 75% of respondents believed they were deceived by Meles.
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