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News about #Economy

The Ifo Institute in Dresden believes that the public sector is inadequately prepared for demographic change (symbolic image). / Photo: Arno Burgi/dpa-Zentralbild/dpa

Ifo criticizes public sector as inefficient

In times of skills shortages, the public sector is in competition with the private sector. The Ifo Institute in Dresden is now sharply criticizing it as inefficient and not very digitalized.

According to the chambers of industry and commerce, many companies in Saxony have started the new year without momentum. (Symbolic image) / Photo: Hendrik Schmidt/dpa

IHK: Economic year 2025 started without momentum

Saxony's companies are facing difficult months. They are complaining about weaker demand at home and abroad. This is why companies are keeping their money together - for example when it comes to investments.

Wacker Chemie expects business to shrink in 2024. (Archive image) / Photo: Sebastian Willnow/dpa

Wacker Chemie feels weakness in demand

Customers in the automotive and construction industries are hesitant to place orders, sales in Asia are slumping and solar silicon is less in demand. There are also rays of hope for Wacker Chemie.

Heat pumps are in production. The energy system manufacturer Yados in Hoyerswerda wants to expand its capacities. / Photo: Daniel Schäfer/dpa-Zentralbild/dpa/Archivbild

Energy plant manufacturer Yados expands capacities in Saxony

The energy system manufacturer Yados in Hoyerswerda is expanding its capacities. Yados and its Liechtenstein-based parent company Hoval plan to invest around 20 million euros in the project, as the company announced at the symbolic ground-breaking ceremony on Thursday. The Free State of Saxony is al ..

Various groceries in a shopping cart. / Photo: Sven Hoppe/dpa/Symbolic image

Inflation in Saxony weakens in January

Inflation weakened in Saxony in January. Annual inflation is expected to have been 3.5 percent in January, according to the State Statistical Office in Kamenz on Thursday. This continues the trend of weakening inflation from 2023. Compared to December, consumer prices are expected to have risen by 0 ..

Passengers walk to the departure terminal at an airport. / Photo: Sebastian Gollnow/dpa/Symbolic image

Supervisory board members at Leipzig Airport - Verdi exerts pressure

Ahead of a supervisory board meeting at Leipzig/Halle Airport, Verdi representatives have put further pressure on the employer and demanded better working conditions for airport staff. "The employees are sticking to their demands for a significant pay rise of 650 euros," a spokesperson said on Frida ..

Crude oil processing plants in the evening / Photo: Patrick Pleul/dpa/Symbolic image

4.2 billion euros investment in industrial companies

Industrial companies in Saxony invested a total of 4.2 billion euros last year. Compared to the previous year, the investment volume in 2022 had thus increased by 22.5 percent in nominal terms, according to the State Statistical Office in Kamenz on Thursday. According to the figures, 766 million eur ..