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German Industry Alliance Lays Out Domestic Investment Push
BERLIN, GERMANY, JUL 21 – Sixty-one companies including Siemens and Deutsche Bank pledge €631 billion by 2028 to spur innovation, infrastructure, and job creation amid economic challenges, officials said.
- On July 21 in Berlin, government and top corporate leaders launched the 'Made for Germany' initiative, pledging €631 billion by 2028.
- Since taking office in May, Merz's government has prioritized revitalizing Germany's economy, which has been in recession for two years amid inflation and energy shocks.
- Among the backers are Siemens, Deutsche Bank, BASF, Bosch and Mercedes-Benz Group, who pledged a total of €631 billion by 2028, including planned and new spending.
- Merz said, `The investments are a powerful signal that sentiment is shifting,` while Busch added, `We must be bolder and faster in decision-making and digitalisation.`
- Merz added that the initiative aligns with broader goals of digital transformation and technological innovation, and plans include building at least three semiconductor plants to establish Germany as Europe's chip hub, with AI aiming to contribute 10 percent of Germany's GDP by 2030.
94 Articles
94 Articles
An alliance of 61 companies wants to invest 631 billion euros in the German economy over the next few years. The Federal Government is pleased that it can also thank US President Donald Trump for this. But are the billion-dollar plans even more than a well-occupied PR action?
Roundup: Germany unveils massive investment plan to boost economy, yet reform seen as crucial
BERLIN, July 21 (Xinhua) -- Germany's government and top corporate leaders on Monday launched a sweeping investment initiative aimed at reviving Europe's largest economy, which has faced prolonged stagnation. But the ambitious plan has met with skepticism, as business leaders warn that meaningful investment depends on long-overdue structural reforms. Read full story
Business representatives announce 630 billion euros of investment. The chancellor is pleased, critics speak of a pure PR event. Model is a French initiative.
Good idea or successful PR action? 61 companies are planning an investment offensive under the motto "Made for Germany" in order to strengthen the damaged location Germany.
Germany is waiting for the upswing. Now corporations are committed to billions of investments. But that must not be all.
The chancellor's office hosted numerous top managers on Monday. An alliance of 61 companies presented billion plans for the location Germany. What can follow from the meeting? Experts come to different conclusions.
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