Latest news with #PeterLeibinger
Fashion United
21-05-2025
- Business
- Fashion United
European Commission proposes regulatory relief for mid-sized businesses
Medium-sized companies are to be exempted from several EU requirements, according to a proposal by the European Commission. Among other things, this concerns exemptions under the General Data Protection Regulation and simplified regulations, which are intended to make stock exchange listings easier and less expensive, as the authority announced. It expects that companies will save 400 million euros in administrative costs per year through the simplifications. According to the Commission, companies with more than 250 employees are considered large companies under the current regulations and must comply with significantly more rules. Now, a new category of companies is to be introduced, which will have fewer than 750 employees and will have to comply with fewer regulations. According to the Commission, this would affect almost 40,000 companies in the EU. The project also requires a majority in the European Parliament and among the EU states. Company formations should become easier In a legally non-binding strategy, the Commission also calls for tackling the ten biggest problems of the European single market from the perspective of companies. According to the information, these include complicated company formations, complex EU regulations, limited recognition of professional qualifications, different regulations for packaging and differing national regulations for services. The Commission promises, among other things, to propose a so-called 28th regulation for European company law, which is intended to make it easier to set up companies. This should make it easier to set up companies digitally and to work throughout the EU according to common rules, for example in tax, labour and insolvency law. Industry sees good approaches The German Federation of Industries (BDI) sees good approaches in the plans from Brussels. BDI president Peter Leibinger announced that, above all, small and medium-sized enterprises in intra-European trade still face too many obstacles, which have often existed for 20 years. 'If these hurdles were removed, German industry could almost double its exports within Europe, according to estimates,' said Leibinger. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
LBCI
28-01-2025
- Business
- LBCI
Germany in deep economic crisis, lobby group claims
The German economy is in deep crisis, with gross domestic product likely to contract 0.1% this year, the BDI industry association said on Tuesday, putting it on track for three years of declining growth for the first time since reunification. At the same time, the euro zone will grow by 1.1% and the global economy by 3.2%, BDI said, indicating Germany will remain one of the currency bloc's laggards in economic terms. "The situation is very serious: Growth in industry in particular has suffered a structural break," BDI president Peter Leibinger said in Berlin. East and West Germany were reunited as a single sovereign state in the 1990s. Increasing competition from abroad, high energy costs, still elevated interest rates and uncertain economic prospects have taken their toll on the Germany economy, which contracted in 2024 for two years in a row. Disagreements over how to revive Europe's largest economy contributed to the governing coalition's demise, with the dire economic situation reflected in the storied auto industry as Volkswagen undertakes steep cost cuts to remain relevant. The economic crisis is more than just a consequence of the pandemic and Russia's invasion of Ukraine, Leibinger said. The problems are home-made and the result of a structural weakness since 2018 that governments have failed to tackle, Leibinger said. "Public investment in modern infrastructure, in the transformation and the resilience of our economy, is urgently needed," Leibinger said, also calling for a reduction in bureaucracy, lower energy prices and a clear strategy for strengthening the German innovation and research landscape. With a view to Brussels, Leibinger said it was important for Germany to take on a more confident leadership role again and for Europe to become more strategically independent. "Public investment in modern infrastructure, in the transformation and the resilience of our economy, is urgently needed," Leibinger said, also calling for a reduction in bureaucracy, lower energy prices and a clear strategy for strengthening the German innovation and research landscape. With a view to Brussels, Leibinger said it was important for Germany to take on a more confident leadership role again and for Europe to become more strategically independent. Reuters
Zawya
28-01-2025
- Business
- Zawya
Germany in deep economic crisis, BDI industrial lobby group says
BERLIN - The German economy is in deep crisis, with gross domestic product likely to contract 0.1% this year, the BDI industry association said on Tuesday, putting it on track for three years of declining growth for the first time since reunification. At the same time, the euro zone will grow by 1.1% and the global economy by 3.2%, BDI said, indicating Germany will remain one of the currency bloc's laggards in economic terms. "The situation is very serious: Growth in industry in particular has suffered a structural break," BDI president Peter Leibinger said in Berlin. East and West Germany were reunited as a single sovereign state in the 1990s. Increasing competition from abroad, high energy costs, still elevated interest rates and uncertain economic prospects have taken their toll on the Germany economy, which contracted in 2024 for two years in a row. Disagreements over how to revive Europe's largest economy contributed to the governing coalition's demise, with the dire economic situation reflected in the storied auto industry as Volkswagen undertakes steep cost cuts to remain relevant. The economic crisis is more than just a consequence of the pandemic and Russia's invasion of Ukraine, Leibinger said. The problems are home-made and the result of a structural weakness since 2018 that governments have failed to tackle, Leibinger said. "Public investment in modern infrastructure, in the transformation and the resilience of our economy, is urgently needed," Leibinger said, also calling for a reduction in bureaucracy, lower energy prices and a clear strategy for strengthening the German innovation and research landscape. With a view to Brussels, Leibinger said it was important for Germany to take on a more confident leadership role again and for Europe to become more strategically independent. The BDI president also addressed U.S. President Donald Trump's return to the White House and his tariff threats, which could make the export-oriented German economy shrink by almost 0.5% in 2025 instead of the forecast 0.1% decline. "The most important thing will be to enter into a transactional relationship and to have strategically important competencies that our partner can only find with us," Leibinger said. (Reporting by Maria Martinez, Editing by Bernadette Baum)
Reuters
28-01-2025
- Business
- Reuters
Germany is in deep economic crisis, says BDI industrial lobby
BERLIN, Jan 28 (Reuters) - Germany is in a deep economic crisis, Germany's BDI industry association said on Tuesday, forecasting a 0.1% contraction in gross domestic product in 2025. A decline in 2025 would mark the first time since Germany reunified that the country has been in contraction for three years in a row. While Europe's biggest economy contracts, the euro zone will grow by 1.1% and the global economy by 3.2%, according to the BDI, which means that Germany will remain one of the currency union's laggards in economic terms. "The situation is very serious: Growth in industry in particular has suffered a structural break," said BDI president Peter Leibinger in Berlin on Tuesday. The economic crisis is more than just a consequence of the pandemic and Russia's invasion of Ukraine, he said. The problems are home-made and the result of a structural weakness since 2018 that governments have failed to tackle, Leibinger said. "Public investment in modern infrastructure, in the transformation and the resilience of our economy, is urgently needed," Leibinger said, also calling for a reduction in bureaucracy, lower energy prices and a clear strategy for strengthening the German innovation and research landscape. With a view to Brussels, Leibinger said it was important for Germany to take on a more self-confident leadership role again and for Europe to become more strategically independent. Get a look at the day ahead in European and global markets with the Morning Bid Europe newsletter. Sign up here.
