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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 ..

Jörg Dittrich, President of the German Confederation of Skilled Crafts (ZDH) and President of the Dresden Chamber of Skilled Crafts, speaks / Photo: Robert Michael/dpa

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 ..

An employee of an electric motor and fan manufacturer, works on a fan in production. / Photo: Christoph Schmidt/dpa/Archivbild

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 ..

Carsten Schneider (SPD), Minister of State and Federal Government Commissioner for Eastern Europe / Photo: Michael Kappeler/dpa

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 ..

Saxony's Prime Minister Michael Kretschmer (CDU) / Photo: Jan Woitas/dpa/archive image

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 ..

Symbol image globalization / pixabay TheDigitalArtist

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.

Symbolbild Dresden / pixabay Pozhidaeva

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 ..

A shipbuilder welds on one of the decks of a cruise ship under construction / Photo: Jens Büttner/dpa-Zentralbild/dpa/Symbolbild

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 ..

Symbol image: TSMC Fab16 (Image: TSMC)

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 ..

Bottling of Vita-Cola at the production plant. / Photo: Martin Schutt/dpa-Zentralbild/dpa/Archivbild

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 ..

Numerous bicycles are parked in a square / Photo: Hauke-Christian Dittrich/dpa

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 ..

Dozens of cargo containers are stacked up in a port / Photo: Jonas Walzberg/dpa/Symbolbild

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 ..