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According to the employers' association Sachsenmetall, the situation in the metal and electrical industry in the Free State of Saxony is coming to a head. The situation is being compared to the coronavirus pandemic and financial crisis.
Since 2020, the number of breweries nationwide has fallen by almost 100. However, there has been an increase in Saxony.
More bankruptcies, more despair: In Saxony, insolvencies recently rose by almost 14 percent, particularly in the retail and hospitality sectors. The Chamber of Industry and Commerce warns of a further worsening of the crisis.
Full exhibition halls, international experts, exciting innovations: In Leipzig, two major industrial trade fairs show that the sector is looking ahead despite the difficult market situation.
Since June, the mood among eastern German companies has been on a continuous downward trend. Now there has been a turnaround, but one sector is pessimistic about the coming months.
The construction industry has been on a long downhill slide recently. Now the downturn is at least slowing down. But the situation remains tense - especially in one sector.
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.
It is considered to be the oldest paper mill in Germany, but now it is coming to an end. This year, the Felix Schoeller company plans to close the Penig site. What will happen to the employees?
Like other German car manufacturers, Porsche is struggling with difficulties. The management now wants to focus on combustion engines again, among other things. What does this mean for Saxony as an automotive location?
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.
A good start to the year, but then the slump: the East German mechanical engineering industry has been on a downward trend since spring 2024. It warns of difficult times ahead and calls for help from politicians.
Every month, the Ifo Institute in Dresden asks selected companies about their mood. Pessimism prevails at the beginning of the year.
In view of the economic downturn, there is great concern in the East German economy. IG Metall is calling for an end to the "austerity policy" and is campaigning for more state support.
E-mobility is booming worldwide - but not in Germany. In Saxony, too, the number of electric car registrations fell significantly last year. A missed opportunity, according to experts.
Investments are an important indicator of how well the economy is doing. Data from 2023 is now available for Saxony, which gives cause for concern.
The mood in the East German economy has hardly changed and remains rather poor. Only the construction sector is expecting fundamentally positive developments.
The mood in the East German economy has hardly changed and remains rather poor. Only the construction sector is expecting fundamentally positive developments.
Gross domestic product is increasing in eastern Germany - and is better off than in the west. However, the situation is different in Saxony.
Gross domestic product is declining across Germany. In the east, however, the Ifo Institute is observing the opposite trend.
In Saxony, the CDU and SPD have agreed on a coalition agreement. However, parts of the CDU have criticized the division of responsibilities.
There is currently a lot of digging and excavating going on at Leipzig/Halle Airport. Environmentally friendly regional aircraft are soon to be built here.
The mood in the East German economy continues to deteriorate. The individual sectors do not expect any fundamentally positive developments for the time being.
Construction companies in the east are still struggling. Only public construction recorded an increase in the period from January to September.
The construction industry in Saxony recorded a significant drop in turnover in the first half of the year. Much less was built.
The mood among companies in Lusatia remains subdued. According to the IHK, a turnaround is not in sight.
A visit to a restaurant or hotel and a winter check for cars and bicycles have become more expensive in Saxony. The inflation rate increased again in October.
The mood in the East German economy has hardly changed and remains at a low level. The individual sectors do not expect any fundamentally positive developments for the time being.
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.
The first climate protection contracts were issued by Federal Environment Minister Habeck just over a week ago. Around 2.8 billion euros will go to 15 German companies - including Saxony.
A weak economy, a shortage of skilled workers and bureaucracy are weighing on Saxony's skilled trades sector. Despite problems, the sector initially proved to be robust - now they are having a lasting negative impact on the mood.
The challenges facing the industry became clear at the Central German Food Summit. Representatives discussed the demands and how the future should be shaped in Halle.
The hydrogen core network for Germany is taking shape, with the first connections in Saxony. The network should be complete by 2032 - but not all regions will benefit immediately.
From October 22, employees in eastern Germany will be working without pay - in purely mathematical terms - until the end of the year. The DGB criticizes a wage gap of 19 percent - and has a clear demand.
The Saxon economy is not in the best of shape. Economic surveys reflect the mood in the industry. There is still no sign of a recovery.
The nationwide economic downturn is also affecting Saxony - even more than the rest of the country.
New industrial areas are to be created around Leipzig/Halle Airport and Dresden. The Expo Real trade fair in Munich is expected to attract the necessary investors.
Going to a restaurant, insurance and social services have become more expensive in Saxony. Overall, however, the inflation rate is falling slightly.
Sentiment for the East German economy is falling slightly overall. However, the service sector and the construction industry expect more positive business developments in the future.
Economic output in Bavaria has fallen once again. One sector in particular is in the red.
Economic output in Bavaria has fallen once again. One sector in particular is in the red.
The election results of the AfD and BSW in Saxony and Thuringia have economists worried. The vast majority expect negative economic consequences for the states.
Did Saxony get off lightly in the election? The association Wirtschaft für ein weltoffenes Sachsen thinks so. However, the voting decisions of young people are viewed with concern.
The sentiment barometer for the East German economy continues to fall. While industry rated their business better, the assessment in the construction and service sectors was worse.
Fuel, air travel or the purchase of bicycles: Consumer prices in Saxony are falling compared to the previous month.
Fewer orders, lower turnover: There are still no signs of an upturn in the East German construction industry in Berlin, Saxony, Brandenburg and Saxony-Anhalt.
A former industrial site in Chemnitz is to be converted into a "hotspot for living and working". The project is receiving support from the state of Saxony.
The Saxon company Dresdener Mühle is investing 40 million euros in the expansion of its production capacities. These are to increase by 50 percent.
The sentiment barometer for the regional economy in eastern Germany continues to fall. Both the current situation and expectations are rated worse.
Consumer prices in Saxony are once again above the three percent mark. There is currently no clear trend in inflation.
The cherry harvest in Saxony has almost completely failed due to the frost. Frost damage could become more frequent in the future due to climate change.
26 award winners in five categories, including clubs for the first time. A total of 70,000 euros in prize money.
26 award winners in five categories, including clubs for the first time. A total of 70,000 euros in prize money was awarded.
Many companies in the Halle and Leipzig region are struggling with falling demand, rising costs and difficult economic conditions.
Many companies in Leipzig and Halle are complaining about falling demand and rising costs. Chambers see a need for action.
Consumer prices in Saxony are rising somewhat more sharply again. Compared to the previous year, some services have become considerably more expensive.
Volkswagen subsidiary Porsche celebrated the official launch of electromobility at its production site in Leipzig, Saxony, on Tuesday.
Last year, the automotive industry in Saxony recorded an increase in turnover of 12.3 percent to a good 24 billion euros, which corresponds to a third of the state's industrial turnover.
Around one in three euros in Saxony's industry is generated by car manufacturers in the state. This sector was able to grow significantly last year. However, things do not look so rosy everywhere.
Inflation in Saxony rose to 2.7 percent in April. Housing and energy prices mainly responsible.
The inflation rate in Saxony rose slightly again in April, with annual inflation at 2.7 percent. Compared to March, prices rose by 0.6%.
Economics Minister Dulig emphasizes the positive effects of EU structural funds on Saxony's companies and jobs.
Saxony is planning 100 activities in 30 countries to support small and medium-sized enterprises in accessing international markets.
The initiative "Business for an Open-minded Saxony" is strengthening its position for diversity, democracy and an open society with new members.
Saxony's Equal Opportunities Minister Katja Meier (Greens) promotes more solidarity and gender equality at a reception in the state parliament.
The Saxon Chambers of Industry and Commerce (IHK) and the Saxon Transport Industry Association (LSN) have warned the Federal Minister of Transport, Volker Wissing (FDP), of a collapse in the freight forwarding industry. In a joint letter to the transport minister on Thursday, they stated that the tr ..
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 ..
Inflation in Saxony is expected to have fallen to 3.0% in February. Reasons and developments are analyzed.
Following the rejection of Tesla's expansion plans in Germany, Italy is hoping that the US company will settle in the country.
People who want to travel to their vacation destination in the most environmentally friendly way possible like to take the train. But this is still difficult in many small towns in northern Germany - the industry is calling for improvements.
Berlin's Governing Mayor Kai Wegner and his girlfriend, Senator for Education Katharina Günther-Wünsch, make their first public appearance as a couple at a social event.
Business expert Henning Zülch sees an investor deal for the Bundesliga as inevitable. However, the approach and communication must change.
The rise in interest rates is slowing down residential construction - this is also reflected in the balance sheet of the East German Savings Banks Association for the past year.
Federal Economics Minister Robert Habeck expresses concern about the state of the German economy and calls for more investment and economic growth.
According to the industry association VDMA, the eastern German mechanical and plant engineering sector is actually weakening. However, an unusually high order intake at the end of last year is at least providing some optimism.
The Saxon state parliament discusses the current mood in the state, popular and top-class sport, farmers' demands and structural change in the economy. Other topics include plant protection and proposed legislation.
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 ..
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 ..
The department store chain Galeria Karstadt Kaufhof files for insolvency for the third time. Once again, employees have to fear for their jobs. But an end would also be a loss for the city center.
The CDU leadership in Saxony is harshly critical of the policies of the traffic light coalition in the federal government. Minister President Michael Kretschmer emphasizes the need to focus on growth and supports the demands of farmers.
High prices for building materials have long been a problem for construction companies in the East. Now the crisis in residential construction is particularly depressing the mood.
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 ..
The Saxon skilled crafts sector fears a prolonged crisis in the German economy and is calling on the federal and state governments to take measures to stabilize the situation.
The federal government is funding broadband expansion in the district of Central Saxony with over 125 million euros. The funds will be distributed across six projects and 24,000 building connections, as announced by the Federal Ministry for Digital and Transport on Tuesday. This means that the Saxon ..
The planned funding for the commercial sector in Saxony was halted due to the federal budget freeze.
The economic environment has also become more difficult for companies in Saxony. More and more companies are having to go to insolvency court.
The volume of orders in the main construction sector in eastern Germany fell by 4.1 percent to EUR 14.6 billion. No trend reversal in sight.
Saxon craft businesses are skeptical about the future despite the good business situation. This was the result of the autumn economic survey conducted by the Saxon Crafts Association.
Germany wants to increase its use of hydrogen as an energy source. Plans for a nationwide hydrogen network were presented on Tuesday. Central Germany plays a key role in this.
75 percent of newly created jobs in Dresden have been filled by foreign specialists. Dresden is booming and cosmopolitan.
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The Dresden Chamber of Crafts has warned of a collapse in the construction industry. Quick and decisive political action is needed, warned Chamber President Jörg Dittrich on Monday. "If this does not happen, the construction industry is heading for a massive crisis and there is a threat of staff and ..
The economic development of the eastern German mechanical and plant engineering sector continues to lose momentum. Only 62 percent of companies still rated their overall situation as positive in the third quarter, according to the eastern branch of the German Engineering Federation (VDMA) on Thursda ..
The Commissioner for the East, Carsten Schneider (SPD), has called for a more differentiated view of the East. In recent years, the media have often reported on what is negative nationwide, said the SPD politician on Tuesday in Berlin after consultations with the state government of Saxony-Anhalt. A ..
The cooperation between the Dresden-based startup NOVUM and Shell aims to increase efficiency, safety and sustainability in the handling of batteries.
A retrospective look at the exclusive startup event in Dresden, where Arvato Systems met 25 innovative tech startups.
Even though the economic engine is sputtering, the foreign trade sector in Saxony is continuing to grow this year. However, growth is slowing down considerably. However, there are special reasons for this development.
Against the backdrop of job cuts at Volkswagen in Zwickau, Saxony's Minister President Michael Kretschmer has expressed concern about emigrating workers. "Everything that now migrates abroad will be there for 10 or 20 years and will not come back," the CDU politician said in an interview with the "F ..
How Saxony and Görlitz benefit from EU funding. What risks a possible withdrawal would entail for the region.
The neoliberal dumping globalization fails worldwide. Capital and labor are components of economic life with opposing tendencies. If capital accumulates without restraint, this leads to the collapse of the system. Social market economy means purchasing power for all, prosperity for all, so that more services and products are in demand. It is necessary to think globally about this cycle of the social market economy, to implement it in global policy.
The Saxon Ministry of Economic Affairs has published the brochure "Saxony as a Location in Comparison with Other Regions 2022", which presents the state's development status in a German and European context. The report shows that Saxony is a leader in several areas, such as job density, SMEs, crafts ..