Economic report: Poor mood in Lusatia
Rising energy prices, lack of impetus and weak demand: Why Lusatian companies are still treading water despite hope.
News zu #Economy
Economics Minister wants to expand contacts with India
Economics Minister Dirk Panter is traveling to India with a delegation. What Saxony's economy expects from it.
Saxony's skilled trades in a low mood - "dies quietly"
Gaps in order books, uncertainty among consumers: The Saxon Crafts Association is sounding the alarm. Why many companies are pessimistic about the future and what could help now.
Saxony's exports to the USA rise to 2.7 billion euros
Saxony's exports to the USA are increasing despite difficult conditions. However, the export curve has recently been pointing downwards.
Industry and trade in the East much more optimistic
How is the mood in the East German economy developing? New figures on the business climate index provide insights.
IHK Leipzig: Companies reduce investments
Many companies in the Leipzig region are investing less and not filling vacancies. What is needed to reverse the trend?
Aerospace company takes over TechniSat plant in Vogtland
The TechniSat plant in Schöneck, Vogtland, which was threatened with closure, has been saved. The investor company manufactures satellite systems, among other things.
Chip supplier Siltronic slips into the red
Siltronic reports a decline in sales for the first nine months and slips into the red with a loss of almost 44 million euros. The company employs 1,000 people in Freiberg.
IHK deplores deindustrialization - change of course required
In south-west Saxony, jobs are being lost and investments are failing to materialize. Why the Chamber of Industry and Commerce and the skilled trades are sounding the alarm and what is weighing on companies the most.
Economic survey: Confidence in the economy is falling
No upturn in sight: Saxon companies are rather pessimistic about the coming months.
Car cities suffer from a drop in trade tax
How are cities such as Stuttgart, Wolfsburg and Ingolstadt reacting to falling income from the car industry? An overview of the consequences for budgets.
Stock exchange trading in Meyer Burger shares ends in January
The Swiss stock exchange is ending trading in Meyer Burger shares. The last trading day for the securities of the insolvent solar manufacturer has been set.
Steinmeier: "Do not allow democracy to be damaged"
Shortly before the Day of German Unity on October 3, the mood is anything but exuberant. The Federal President knows this too. And asks the citizens to pause for a moment.
Commissioner for Eastern Europe for new distribution of assets
Shortly before October 3, Elisabeth Kaiser presents her annual report. She is also concerned about some trends between East and West Germany.
Commissioner for Eastern Europe takes stock of German unity
The two German states united 35 years ago. How far have they grown together?
IG Metall warns of de-industrialization in the East
IG Metall is calling for more support for the industry ahead of the meeting of Eastern German Minister Presidents. What measures the union is proposing to preserve jobs.
Saxony's economic output up slightly
Despite a slump in construction, Saxony's economic output is picking up slightly: Education and healthcare in particular ensure a small increase in gross domestic product.
Sachsenmetall sounds the alarm: Production is running on the back burner
Little hope for improvement: production capacities in Saxony's metal and electrical industry remain well below normal levels. What the employers' association has to say.
Thousands of employees in Saxony affected by insolvencies
Insolvencies lead to the loss of many jobs in Saxony. BSW boss Wagenknecht believes the federal government is responsible.
Report: Production of the ID.3 to remain in Zwickau for the time being
According to media reports, VW is initially sticking with the Zwickau site for the production of the ID.3. This is due to unanswered questions regarding the production of new electric models within the Group.
IG Metall urges more speed for e-mobility in the East
How at risk are jobs in eastern Germany due to the slow expansion of electromobility? Trade union and experts call for investment and clear commitments for locations.
Saxony defends first place in education study
It's almost routine: Saxony has once again been declared the winner in education this year in a study by the German Economic Institute. Why?
Saxony plans 18 trade fair appearances worldwide for 2026
In 2026, Saxony will continue to focus on its international presence: the state plans to open up new markets and showcase innovations from various sectors at 18 trade fairs.
Eastern car industry under pressure - Congress sees opportunities
Change has long been a reality - and demands new answers: the annual congress in Leipzig focused on how eastern Germany's automotive industry is mastering the balancing act between crisis and innovation.
East German automotive industry relies on cooperation in times of change
Artificial intelligence, chip shortages and global competition: why the East German automotive industry is now relying on teamwork to avoid being left behind by change.
Saxony's apple growers expect record harvest
From Gala to Breaburn: Why Saxony's apple growers are worried about the future despite record harvests and full fruit crates.
Ifo Institute: Business climate in the East brightens slightly
Every month, the Dresden-based Ifo Institute surveys around 1,700 companies from various sectors about their situation and expectations. The mood improves in August.
Demand for e-cars in Saxony increases significantly again
After a decline in the previous year, the number of new e-cars in Saxony is rising again significantly. What manufacturers and experts have to say about the change.
Strong differences in construction activity in the East
From construction boom to stagnation: the construction industry in the east will present a mixed picture in 2025 - with clear differences between the federal states.
Leipzig is becoming less attractive for companies
Leipzig has long been considered a top business location - but according to a new analysis, its attractiveness is crumbling: high costs, bureaucracy and traffic problems are increasingly dampening the mood.
Film, music, games - creative industries in Saxony are growing
The cultural and creative industries are important employers in Saxony. Corona was a low point. How has the industry developed after the pandemic?
East German economy more optimistic about the future
The mood in the East German economy is improving, with industry and construction in particular looking to the future with confidence. However, not all sectors share this optimism.
Minimum wage increase: around one in five jobs affected
The minimum wage increases on January 1. Around 359,000 employees in Saxony will benefit from this, many of them in the hospitality industry. The industry criticizes the excessive economic burden.
Special economic zone demanded for south-west Saxony
Southwest Saxony is economically dependent on the automotive industry. But this is weakening and unemployment is rising. Economic and political players see the region at a turning point.
Innovation expenditure in Saxony increases by almost ten percent
Saxony's companies increased their innovation expenditure again in 2023. Small companies in particular are driving development - and lifting the state above the national average.
Billion-euro project: Chip factory planned near Magdeburg
A year ago, the US chip manufacturer Intel put its plans for several chip factories in Germany on hold. Now other companies are interested in locating here.
Start-ups in Saxony and Thuringia set to double
Saxony and Thuringia want to double the number of high-tech start-ups with a new initiative. From October, several million euros will flow into a network designed to position the East internationally.
Concern in Saxony about Polish border controls
Saxony's Economics Minister considers Poland's planned border controls to be a burden - for companies and commuters alike. Around 13,000 Poles come to work in the Free State every day.
Sentiment in the East German economy falls slightly
Every month, the Ifo Institute in Dresden surveys around 1,700 eastern German companies about their business situation and expectations for the coming months. The sentiment barometer fell slightly in June.
Ifo Dresden: East German economy gradually recovering
The valley of tears has been passed. Researchers at the Ifo Institute in Dresden are cautiously optimistic about economic development in the East.
Central German companies wait for a turnaround
Economic sentiment has been stagnating for some time. This is leading to lower investment and a decline in turnover. The chambers of commerce are therefore formulating demands on politicians.
Kretschmer: Only agree to investment package with compensation
Saxony's Minister President makes it clear: there will only be a majority if the federal government pays for the tax shortfalls at state and local level.
Succession unresolved for many companies in Saxony
What happens when the managing director of a company is about to retire? Thousands of SMEs in Saxony will be faced with this question over the next few years.
Federal-state summit on relief package later than planned
If it were up to the federal states, the new date with Federal Chancellor Friedrich Merz would have been June 18. Contrary to what was announced, this will not happen.
Kretschmer: Federal states agree on demand for cost reimbursement
The federal states support the federal government's planned economic stimulus program, but complain that the costs will primarily be borne by them. Their current spokesperson says what they are demanding.
Panter calls for further relief for companies
The German government wants to give the economy a boost with tax relief for companies. Further measures are needed for smaller companies, warns Economics Minister Panter.
Ifo: Sentiment in eastern German companies on the rise again
East German companies are more optimistic again. The Ifo Institute has recorded a surprisingly strong increase in the business climate - and blames a key factor for this.
Construction activity picks up in the East
After a long period of gloom in the East German construction industry, the mood is slowly brightening. Has the bottom fallen out?
Porsche reduces production in Leipzig and lays off temporary workers
Lower sales are forcing Porsche to reduce production in Leipzig and lay off temporary workers. A new SUV model could bring hope.
Malaise in the skilled trades: outlook for businesses remains negative
The upturn is still a long time coming for many craft businesses. Their assessment of their business situation is correspondingly negative. The situation is particularly difficult in one sector.
Ifo study: East catches up - but remains structurally behind
East Germany has caught up economically in many areas. But the differences to the West remain visible.
Panter promotes Saxon innovative strength in Brandenburg
At the East German Economic Forum, Economics Minister Panter plans to promote the Free State as a location for the future. Together with other eastern states, Saxony wants to carry more weight.
When the engine stalls: Does Leipzig need to change course now?
Leipzig is facing new economic challenges. Can the city's diversification strategies compensate for declining trade tax revenues?
From cellar to collapse: how the wine pioneer Ebrosia in Deltizsch came to grief
The rise and fall of Ebrosia: How an online wine retailer from Delitzsch became a success story and what the future holds.
Ifo: US tariffs dampen sentiment among East German companies
East German companies are once again taking a more negative view of their situation. The Ifo Institute identifies two reasons for the poor mood.
Inflation in Saxony at 2.4 percent - slight decline
Prices have risen over the past twelve months. However, compared to March, the inflation rate is slightly lower. Falling energy prices were the main factor offsetting this.
1 million e-cars from Zwickau - location faces cuts
VW Zwickau celebrates its millionth electric car. But after job cuts and shifts being eliminated, the site is facing further cuts - and is pinning its hopes on a new business segment.
Chemical park boss: "Disaster with an announcement"
The chemical industry is under pressure. The Managing Director of the Leuna Chemical Park is calling for a different energy policy and is relying on Russian gas.
Saxony's economy comes to a standstill
Figures on Saxony's industry prove it in black and white: the economic engine of industry stuttered last year.
Ifo: Sentiment in East Germany's economy on the rise
The business climate index in eastern Germany rose slightly in March. But not every sector believes in the upturn.
Energy prices drive Saxony's inflation above the national average
Consumer prices are rising faster in Saxony than in the rest of the country. This has been placing an above-average burden on households for months.
Economic growth in the countries: things are going better in the north
In the past, when there was talk of a north-south divide between the federal states, Bavaria and Baden-Württemberg were often in the lead. Now things are different - say researchers from the south.
4th Leipzig Night of Apprenticeships: Discover your dream job
Visit the Leipzig Night of Apprenticeships on May 23 and experience over 150 professions, 120 companies and 40 dual study programs up close in one evening. Secure your place now and try out professions!
Bright prospects during the crisis: what's next for Leipzig's new streetcars?
The restructuring of Heiterblick GmbH poses major challenges for everyone involved. Will the relaunch of the streetcar manufacturer in Leipzig succeed?
Chemical industry in Saxony is weakening - calls for a new start
Saxony's chemical industry is clearly operating at full capacity. This not only puts jobs at risk - but also the future of entire locations.
New owner wants to further develop Belantis amusement park
Belantis now belongs to a French amusement park giant. Plans for more visitors and new attractions are soon to be drawn up.
Leipzig and Yerevan: start of a joint cultural year
Leipzig and Yerevan are launching a joint year of culture to promote art and education. The agreement was signed in Yerevan.
Inflation in Saxony rises for the first time in months
Chocolate, coffee beans, spring cleaning: prices rose again in Saxony in March. Anyone who bought food or had their car spruced up paid more.
Ifo Institute: Sentiment among eastern German companies on the rise
Eastern Germany's economy is somewhat more optimistic about the future. The Ifo index is rising slightly - but not all companies share this confidence.
Economy shrinks by 0.4 percent in Saxony in 2024
Gross domestic product in Bavaria is falling for the second year in a row. One sector in particular is in the red.
IHK: Water is a location factor for companies
Water is becoming increasingly important for attracting companies. A conference will focus on the future of water management in Lusatia.
Metal and electrical industry threatened with further job cuts
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.
Contrary to the national trend, more breweries in Saxony
Since 2020, the number of breweries nationwide has fallen by almost 100. However, there has been an increase in Saxony.
More company bankruptcies in Saxony - IHK sees a bleak future
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.
Trade fairs attract numerous people to Leipzig
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.
Business climate in the East: first improvement in eight months
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.
Construction industry in the East stabilizes slightly
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.
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.
Out after almost 500 years: Paper mill closes down
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?
Porsche relies on combustion engines - consequences for Saxony unclear
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?
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.
East German mechanical engineering records slump in orders
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.
Ifo researchers see business climate in the East in decline
Every month, the Ifo Institute in Dresden asks selected companies about their mood. Pessimism prevails at the beginning of the year.
IG Metall criticizes austerity policy and calls for investments
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.
Fewer Saxons buying e-cars - but a hybrid boom
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 in Saxony's industry on the decline
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.
Ifo Institute: Business climate in the East stagnates
The mood in the East German economy has hardly changed and remains rather poor. Only the construction sector is expecting fundamentally positive developments.
Ifo Institute: Business climate in the East stagnates
The mood in the East German economy has hardly changed and remains rather poor. Only the construction sector is expecting fundamentally positive developments.
Bucking the trend in the east - economic output in Saxony falls
Gross domestic product is increasing in eastern Germany - and is better off than in the west. However, the situation is different in Saxony.
East with stronger economic performance than the West
Gross domestic product is declining across Germany. In the east, however, the Ifo Institute is observing the opposite trend.
Conservatives want economic ministry for the CDU
In Saxony, the CDU and SPD have agreed on a coalition agreement. However, parts of the CDU have criticized the division of responsibilities.
Construction work started for aircraft factory at Leipzig Airport
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.
Ifo Institute: Business climate in the East declines in November
The mood in the East German economy continues to deteriorate. The individual sectors do not expect any fundamentally positive developments for the time being.
East German construction sector remains weak
Construction companies in the east are still struggling. Only public construction recorded an increase in the period from January to September.
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.
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.