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.
News zu #Economy
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.
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 ..