Improve the flexibility of the system For a considerable time, different German governments have been attempting to improve the flexibility of the system and to reduce the gap between the expectations of the employee and the employer. A health service reform with the general intention of reducing health insurance costsRead More →
Comprehensive Risk Identification Prompt and Comprehensive Risk Identification The authorities need to continue to strengthen their supervisory practices to enable the early and comprehensive identification and assessment of risks within each institution, including: EU Forecast euf:ba.18.j:20/nws-01Read More →
Direct transactions/direct investments Direct transactions/direct investments For investors who, for instance, only intend to sell their prod- ucts in Germany and thus develop a new market, the direct transaction option seems to offer some advantages, especially when considering that such projects are usually not free from risks and often leadRead More →
Employment costs are high Since Germany has both high standards, and high costs, of living, overall employment costs are high and protection of employees against wrongful dismissal is extensive. There is therefore a disincentive for employers to recruit new staff, while at the same time there is some reluctance onRead More →
Development impacting banking supervision in Germany An important development impacting banking supervision in Germany will be the commencement of the Single Supervisory Mechanism (SSM) on 4 November 2014. On this date, primary responsibility for the supervision of the largest banks in the Euro area, including an expected 24 German banks,Read More →
Different types of investment options Investment options Germany offers different types of investment options which need to be assessed with a view to the intended business activity and the objectives of the potential investor. Generally, investors can opt for so-called direct transactions or direct investments, make investments through a permanentRead More →
Unemployment is stable Unemployment is generally seen as one of the most significant medium-to- long-term problems faced by the German economy. Currently, it is roughly stable at 6.7% or 2.9m jobless (December 2013), although there is a tendency for it to fluctuate between months. EU Forecast euf:ba18e:23/nws-01Read More →
Microprudential supervision Microprudential supervision Overall, good progress has been made in response to the FSAP recommendations to enhance the microprudential supervisory framework for banks and insurers, including by incorporating some of the latest regulatory developments and international guidance. In particular, the stress testing framework and coverage for banks and insuranceRead More →
Nationals from EU Member States do not require a work permit Work permits Nationals from EU Member States do not require a work permit due to the EU rights of freedom of movement. Foreign nationals from outside the EU who are not self-employed and intend to work in Germany needRead More →
Allow industry and commerce to develop Government policy The main thrust of government industrial and economic policy is to allow industry and commerce to develop as they please within a controlled environment. One of the most important aims is to protect the existing employment level and, if possible, to increaseRead More →
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