Today KfW IPEX-Bank presented its business model to the public for the first time. A transitional period will begin on January 1, 2004 leading up to the establishment of KfW IPEX-Bank as a legally independent bank.
The German economy shook off recession in the summer, the Federal Statistics Office has reported.
Consolidated turnover growth of 11.9% has been recorded over the first nine months to 30 September 2003.
German corporate taxation has retreated into the background in the general tax debate about the government's plans to move income tax cuts forward by one year to 2004.
Though starved of bank loans, German companies are reluctant to tap alternative sources of capital
The Institute for Economic Research (IER) in Munich gave a glimmer of hope to the economy on Tuesday when its index registered an upswing. IER, the most important barometer of the German economy, said there was an unexpected leap in October.
DaimlerChrysler, the German-US car manufacturer, has been told by the Federal Supreme Court of Germany that it will have to write off a sum of several million euros which was lent to one of its suppliers, Lunke Ventra Automotive GmbH, when the lat
Germany's fiscal deficit will top Ђ40 billion this year, a record sum nearly double the previous forecasts that could yet rise to 5 per cent of gross domestic product (GDP) by the end of the year.
Commerzbank plans to commit billions more euros to Germany's cash-strapped small- and medium-sized enterprises (SMEs), continuing a drive started earlier this year.
Infoscore Management und Beteiligungs GmbH, the German provider of factoring and debt collection services, as well as of information on the solvency and payment performance of customers, is expecting turnover to rise by 12 per cent to around Ђ133m
