The Volga-Rhine Union actively cooperates with the network of the German Chamber of Commerce and Industry. CCI websites and affiliated media are an excellent source of information for business development and search for partners. We offer our readers a selection of news published on the websites of the Chamber of Commerce and Industry of various states and cities of Germany.
"The mood is better than the situation." During his summer interview with the Deutsche Presse-Agentur news agency, President of the German Chamber of Commerce and Industry (DIHK) Erik Schweitzer assessed the economic situation in Germany due to Covid-19. “When things were going well in Germany, we always had the feeling that the mood was worse than the situation. At the moment we have the feeling that the mood is better than the situation, ”said Schweitzer. Commenting on the graph of the fall in economic indicators, Schweitzer put it this way: “The break is deep, and the exit from it is not as steep as many had hoped in the spring. We are not suggesting a V, but rather a wide U ”.
A very important question is when the graph curve will go up again. “The second quarter was just a disaster. According to our surveys, half of companies believe that their business situation will not improve significantly until 2021 or even later. ”
Schweitzer referred to research by the German Chamber of Commerce (DIHK), according to which 40 percent of companies have a liquidity shortage. “Almost half of the companies report a decrease in equity capital due to large financial losses. Ten percent of companies say they consider themselves bankrupt. "
Thus, DIHK, with a forecast of minus ten percent of gross domestic product this year, is more pessimistic about the future than the federal government.
“The recovery of the German economy is very closely linked to the development of exports,” explains E. Schweitzer. In industry, every second job depends on exports. However, one cannot count on a quick recovery in exports - there are many negative factors, including the difficult situation in the United States and the trade conflict between the United States and China.
Schweitzer believes that the federal government's allocation of 25 billion euros to support business is correct: “In any case, it makes more sense to support really healthy companies, overcoming a difficult situation, than to continue increasing their debts with loans. If the economy picks up again, the government will benefit from increased tax revenues. The alternative to help is the bankruptcy of companies and the loss of jobs, which will inevitably increase government spending on the social sector. ”
The Düsseldorf Chamber of Commerce and Industry has conducted a survey on property management among experts. The results showed that the city's residential real estate market is successfully coping with the corona crisis and remains very attractive. The situation with commercial real estate is different: the demand for office and retail space is declining. The only exceptions are offices with prime locations. The situation with hotel buildings is especially dramatic: projects are delayed or completely closed.
Bank Stadtsparkasse Düsseldorf has launched a special kind of competition. The first #buildyourbank Open Innovation Competition attracts young people to develop innovative ideas. The aim of the competition is to increase Gen Z's interest in the bank, discover future trends and create entirely new solutions. “The goal is to develop products and services for young people between the ages of 16 and 30 that this generation really needs,” says Karin-Brigitte Goebel, Chairman of the Board of Directors of Stadtsparkasse Düsseldorf. The competition offers both teams and individuals the opportunity to present their ideas. The top five teams will compete on October 7th. The three best projects will be awarded a prize pool of € 7,000.
The corona crisis has affected the educational process in many companies. The Bavarian Chamber of Commerce and Industry (BIHK) recorded a clear decrease (by 16.0%) in the number of new training contracts by the end of June compared to the first half of 2019. At the same time, BIHK's survey of Bavarian training companies is encouraging. “Three quarters of the companies surveyed say that despite the crisis, training continues as usual,” said BIHK President Eberhard Sasse. Only 13 percent said they currently do not hire a single intern. Only one in 100 companies has already canceled training contracts for the fall.
“Training is one of the most important future investments for companies,” said the President of BIHK. With a gradual return to normalcy and improved business prospects, a clear increase in the number of training courses can be expected, especially in the retail and catering sectors. According to BIHK, the recently adopted government support measure for enterprises in the form of a bonus for employee training should also contribute to the intensification of educational processes in companies.
“This year, our goal continues to be that, despite all the current difficulties, every graduate of a school in Bavaria who wants to study for a profession in the company should have this opportunity,” emphasizes Sasse. BIHK President is asking all school graduates to apply to study regardless of the crown crisis. Current data from the employment agency show that at the end of June, there were about 42,000 training vacancies in Bavaria and almost 23,000 candidates for training. This means that each candidate can choose from at least two options.
The Bavarian Chamber of Commerce oversees about 60 percent of all vocational education curricula.