Germany

Malaysia posted an impressive growth in trade with Germany during the first half of 2003 over the corresponding period of the previous year, according to the Hamburg-based Asia-Pacific Business Council.

Germany's economy shrank by 0.1 per cent in the second quarter compared to the quarter before, the state statistical agency said 14 August 2003, confirming the country slid into a shallow recession.

Though German car exports may be on the rise, German exports, in general, continue to suffer as a result of the weak world economy and the strong Euro.

RWI, the German economic research institute, forecasts that Germany's economy will shrink by 0.2 per cent this year, but predicts 1.8 per cent growth for 2004.

German small- and medium-sized companies (SMEs) are considerably more sceptical about their future financing parameters than their foreign peers, according to a new four-country study by Siemens Financial Services in cooperation with F.A.Z.-Instit

German business bankruptcies rose 16 per cent last year in another token of the country's gloomy economy, government data showed.

Business expectations in Germany deteriorated to levels last seen 10 years ago, when Europe's largest economy suffered from a severe recession, the German Industry and Trade Association (DIHK) said Business sentiment has reached new lows and there

Majority shareholder Rolf Gerling and substantial shareholder Deutsche Bank are planning to sell their shares in the Gerling group.

On Nov. 26, 2002, the EU Commission approved the creation of Industrieschutz Insurance Broker GmbH (IIB) retroactively from Oct. 1, 2002.

Germany's closely-watched business climate Ifo index fell for a sixth consecutive month in November, confirming the fragility of German economic growth, but the drop was milder than expected, raising hopes that the risks of a full-blown recession