Blackout News here reports how a growing number of German industrial companies are moving them abroad, driven by high energy costs, stifling bureaucracy and increasing tax burdens. [emphasis, links added]
A recent survey by the German Chamber of Commerce and Industry (DIHK) shows Now, a staggering 35% of companies will reduce costs and 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 central campaign promises and will instead guarantee further acceleration of destructive green policies and never before paid debts.
German companies seeking a business-friendly environment
DIHK reports that the traditional drivers of developing new markets abroad now account for only 30%.
instead, The focus has shifted sharply to economic advantages in ensuring a more favorable location for cost structures.
There is little hope for reform
Energy-intensive industries especially feel the feeling of pinching and are facing strengthening international competition with the trend of relocation. While ongoing alliance negotiations between CDU, CSU and SPD are working on ways to reduce power taxes and cut grid fees by half, the company is skeptical that these steps will affect bleeding.
DIHK President Peter Adrian called for “greater 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, with Plans to cut its investment within Germany two-fifths.
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 cheated by Melz.
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