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?
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Leipzig is facing new economic challenges. Can the city's diversification strategies compensate for declining trade tax revenues?
Mitteldeutsche Flughafen AG and Deutsche Post subsidiary DHL extend their contract at Leipzig/Halle Airport until 2053. The partnership secures Saxony a leading role in international trade.
Despite higher investments, Saxony's housing cooperatives built fewer apartments last year. The increases in construction costs lead to less construction output and pose a challenge.
Saxony's Economics Minister Martin Dulig (SPD) is traveling to Italy with a delegation to expand economic relations.
The Saxony Economic Development Corporation (WFS) recorded a successful year in 2023 with 16 new companies and investments totaling 10 billion euros.
The energy supplier SachsenEnergie plans to invest more than 500 million euros in grid expansion, decarbonization and the expansion of the telecommunications network in 2024.
Model train fans in Germany reduce spending due to increased cost of living Manufacturer Piko records weaker sales in 2023.
Investments at Infineon and Globalfoundries, a new building at technology group Jenoptik and the planned relocation of TSMC as a major project: "Silicon Saxony" is growing and Saxony's high-tech industry is optimistic about 2024.
This year, the Saxon Ministry of Social Affairs supported investments in hospitals in Saxony with 193 million euros.
The Ampel government will continue to provide billions in subsidies for Intel and TSMC chip factories in eastern Germany.
The East German state parliamentary group leaders of the Left Party have warned the federal government against cuts to social benefits and investments. There is a threat of social austerity.
According to Michael Kellner (Greens), Parliamentary State Secretary in the Federal Ministry of Economics, the budget ruling by the Federal Constitutional Court has a particularly negative impact on eastern Germany.