Historic low: Building permits in Saxony down significantly
The construction industry in Saxony recorded a significant drop in turnover in the first half of the year. Much less was built.
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Lusatian companies struggle with difficult business situation
The mood among companies in Lusatia remains subdued. According to the IHK, a turnaround is not in sight.
Inflation rate in Saxony rises slightly again
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.
Ifo Institute: Business climate in the East stagnates
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.
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.
Knauf Insulation plans investment in climate-friendly production in Saxony
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.
Survey: Sentiment in Saxony's skilled trades remains gloomy
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.
Nutrition summit in Halle: focus on specialists and costs
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.
Hydrogen core network in Saxony: planning approved
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.
DGB: Wages in the East still lag behind the West
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.
Economic survey: Saxony's economy is treading water
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.
Saxon industry shrinks in the first half of 2024
The nationwide economic downturn is also affecting Saxony - even more than the rest of the country.
East German airports present industrial sites at trade fair
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.
Slight fall in inflation rate in Saxony
Going to a restaurant, insurance and social services have become more expensive in Saxony. Overall, however, the inflation rate is falling slightly.
East German economy: Slight deterioration in the business climate
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.
Saxony's economic output shrinks
Economic output in Bavaria has fallen once again. One sector in particular is in the red.
Saxony's economic output shrinks
Economic output in Bavaria has fallen once again. One sector in particular is in the red.
Economic experts warn of negative consequences of the state elections in Saxony and Thuringia
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.
Economy for a cosmopolitan Saxony concerned about election results
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.
Ifo Institute: Business climate in the East continues to cool down
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.
Inflation rate in Saxony falls to 2.6 percent in August
Fuel, air travel or the purchase of bicycles: Consumer prices in Saxony are falling compared to the previous month.
Construction industry situation in eastern Germany remains tense
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.
200,000 euros for the conversion of the tulle factory in Chemnitz
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.
Dresdener Mühle plans to invest 40 million euros in expansion
The Saxon company Dresdener Mühle is investing 40 million euros in the expansion of its production capacities. These are to increase by 50 percent.
Ifo Institute: Business climate in eastern Germany down
The sentiment barometer for the regional economy in eastern Germany continues to fall. Both the current situation and expectations are rated worse.
Inflation rate in Saxony back above three percent
Consumer prices in Saxony are once again above the three percent mark. There is currently no clear trend in inflation.
Fruit growers: Significant losses in cherry harvest in Saxony
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.
Winners of the Popular Music Competition in Saxony chosen
26 award winners in five categories, including clubs for the first time. A total of 70,000 euros in prize money.
Clubs awarded prizes for the first time at the Popular Music Competition in Saxony
26 award winners in five categories, including clubs for the first time. A total of 70,000 euros in prize money was awarded.
Companies in the Halle and Leipzig region see themselves in a worse position
Many companies in the Halle and Leipzig region are struggling with falling demand, rising costs and difficult economic conditions.
Companies in Leipzig and Halle in a difficult situation
Many companies in Leipzig and Halle are complaining about falling demand and rising costs. Chambers see a need for action.
Inflation rate in Saxony above 3 percent
Consumer prices in Saxony are rising somewhat more sharply again. Compared to the previous year, some services have become considerably more expensive.
Porsche celebrates the official launch of electromobility in Leipzig
Volkswagen subsidiary Porsche celebrated the official launch of electromobility at its production site in Leipzig, Saxony, on Tuesday.
Car industry remains economic engine in Saxony
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.
Saxony's car industry on the upswing: retail trade weakens
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.
Slight rise in inflation in Saxony in April
Inflation in Saxony rose to 2.7 percent in April. Housing and energy prices mainly responsible.
Inflation remains below three percent in Saxony
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%.
EU funding strengthens Saxony's economy according to Economics Minister Dulig
Economics Minister Dulig emphasizes the positive effects of EU structural funds on Saxony's companies and jobs.
Saxony supports SMEs entering the international market
Saxony is planning 100 activities in 30 countries to support small and medium-sized enterprises in accessing international markets.
Saxony's economic initiative is growing: clearly for democracy and openness to the world
The initiative "Business for an Open-minded Saxony" is strengthening its position for diversity, democracy and an open society with new members.
Equality Minister promotes solidarity and gender equality
Saxony's Equal Opportunities Minister Katja Meier (Greens) promotes more solidarity and gender equality at a reception in the state parliament.
Saxony's chambers of industry and commerce warn of a collapse in the freight forwarding industry
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 ..
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 ..
Inflation in Saxony weaker in February
Inflation in Saxony is expected to have fallen to 3.0% in February. Reasons and developments are analyzed.
Italy hopes Tesla will settle in Germany after rejection of expansion plans
Following the rejection of Tesla's expansion plans in Germany, Italy is hoping that the US company will settle in the country.
Tourism wants better rail connections and less bureaucracy
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 and Senator for Education appear in public as a couple for the first time
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.
Expert on the investor deal: position "weakened to the max"
Business expert Henning Zülch sees an investor deal for the Bundesliga as inevitable. However, the approach and communication must change.
Savings banks in the East grant significantly fewer loans
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
Federal Economics Minister Robert Habeck expresses concern about the state of the German economy and calls for more investment and economic growth.
Mechanical engineering: annual balance sheet up thanks to foreign orders
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.
Saxon state parliament discusses the current mood in the state and other topics
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 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 ..
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 ..
Leipzig hopes for liberation for Galeria Kaufhof
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.
CDU and state farmers' association criticize policy of the traffic light coalition in the federal government
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.
Residential construction: Tense situation in the East German construction industry
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.
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 ..
Saxony's skilled crafts sector calls for measures to stabilize the German economy
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.
Federal government supports fiber optic expansion with 125 million euros
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 ..
Federal budget freeze has consequences for Saxony
The planned funding for the commercial sector in Saxony was halted due to the federal budget freeze.
More company bankruptcies in Saxony in 2023
The economic environment has also become more difficult for companies in Saxony. More and more companies are having to go to insolvency court.
Construction industry in eastern Germany continues downward trend
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 skilled trades skeptical despite good order situation
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.
Hydrogen network: key node in the chemical triangle
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.
Dresden is booming and is dependent on foreign skilled workers
75 percent of newly created jobs in Dresden have been filled by foreign specialists. Dresden is booming and cosmopolitan.
Morpheus Space: Saxony's pioneer in the NewSpace movement
Discover how Morpheus Space is changing space travel, from innovative propulsion systems to groundbreaking software. Find out more here.
Dittrich: Construction industry heading for a massive crisis
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 ..
East German mechanical engineering sector running out of steam
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 ..
Schneider: East is ahead in many areas
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 ..
Future of e-mobility: Dresden-based startup NOVUM and Shell join forces for more sustainable battery use
The cooperation between the Dresden-based startup NOVUM and Shell aims to increase efficiency, safety and sustainability in the handling of batteries.
Arvato Systems meets Dresden's tech startups: a look back at an eventful day
A retrospective look at the exclusive startup event in Dresden, where Arvato Systems met 25 innovative tech startups.
Foreign trade growth weaker than in the two previous years
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.
Outflow of workers: Kretschmer concerned
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 ..
Saxony and Görlitz: How EU funding strengthens the region and why an EU exit would be risky
How Saxony and Görlitz benefit from EU funding. What risks a possible withdrawal would entail for the region.
Globalization rethought
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.
Saxon SMEs are by far the most important employers
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 ..
Ifo Institute: Good research landscape is not enough
Joachim Ragnitz, vice president of the Ifo Institute in Dresden, points to weaknesses in Saxony's economic competitiveness. Low wages and infrastructure deficits are criticized.
Economy in Saxony: Industry defies the crises with sales growth
Saxon industry recorded growth in 2022 despite ongoing crises. According to the State Statistical Office, the price-adjusted turnover of industrial companies rose by 3 percent year-on-year to 75.9 billion euros, which is higher than the nationwide increase of 2 percent. In November, a record result ..
Major settlements in Saxony to be coordinated by this man in future
The Saxon state government today appointed Dirk Diedrichs as a major settlement officer to better coordinate and oversee significant investments and important settlements in the Free State. Starting on April 26, 2023, the 60-year-old economist will set a decisive course for state development across ..
7-Eleven could be coming to Saxony: A milestone for the convenience market
The world-renowned convenience chain 7-Eleven is continuing its international expansion plans and is looking for master franchise candidates to set up stores in Western Europe, including Germany. With over 83,000 stores in 19 countries and regions, 7-Eleven is considered a leading convenience provid ..
Traditional Vita Cola brand achieves best annual result to date
The traditional East German brand Vita Cola sold a total of 95.5 million liters of non-alcoholic soft drinks last year. According to the company, this is the best result in the more than sixty-year history of the brand. The company said the result was achieved despite difficult conditions, such as h ..
Bike24 News: Dresden bicycle dealer presents balance sheet 2022
The Dresden-based online bicycle retailer Bike24 has drawn a positive balance for the past year, despite the uncertain economic situation. According to company CEO Andrés Martin-Birner, the company was able to achieve a satisfactory result despite the consumer restraint. The second half of the year ..
Economy in Saxony: Exports rise by a good 17 percent
In 2022, Saxon companies increased their exports to a record level. They increased their exports by 17% to 52.7 billion euros. The Saxony Economic Development Corporation (WFS) announced that the development was not only due to higher prices. China remained the most important export market with 8.7 ..
High-tech in plastics: Ore Mountain companies and researchers develop visions for the future
Revolution in plastics technology: companies in the Ore Mountains and researchers at Chemnitz University of Technology integrate microelectronics for lightweight construction and electromobility.
Kretschmer: Saxony ideally suited for circular economy
Away from a throwaway economy and toward a circular economy: Saxony has good prerequisites for this, according to Minister President Kretschmer. He was optimistic during a visit to the TU Freiberg.