Federal and state (public) research funds Federal and state (public) research funds are either channelled through short-term project support or medium and long term institutional support. Project support is granted within the frame of larger framework programmes (e.g. The BÖLN programme of the BMEL, or the FONA programme of theRead More →
Government-funded short-time work program Many experts credit the government-funded short-time work program for limiting job losses during the global financial and economic crisis. Other factors, such as moderate wage increases in recent years, flexibility in bargaining agreements, numerous company-level alliances to retain jobs, the option of offering more flexible formsRead More →
Bundesbank is responsible for operationalising the ‘comply or explain’ mechanism The Bundesbank is responsible for operationalising the ‘comply or explain’ mechanism. While the FSC has not yet issued any warnings or recommendations, it would be useful to develop the framework underpinning this mechanism, such as the parameters and criteria thatRead More →
HGB provides for the exemption of sole proprietors The HGB provides for the exemption of sole proprietors from the requirement of keeping books and preparing financial statements if net income does not exceed € 60,000 and sales revenues do not exceed € 600,000 on the balance sheet dates of twoRead More →
All quoted companies Corporate governance All quoted companies, i.e. Those with a stock or capital market listing, and other “public interest entities” must follow the German Code of Corporate Governance issued by the Ministry of Justice. The companies’ compliance, or any non-compliance, must be publicly disclosed. The fact of theRead More →
BMEL funds departmental The BMEL funds departmental research by 4 federal research institutions and supports furthermore six institutions of the Leibniz association, the Federal Institute for Risk Assessment (BfR) and the German Biomass Research Centre (DBFZ). The overall structure of departmental (agricultural) research in Germany is relatively well known. TheRead More →
Employment in Germany As a result of the past reforms, employment in Germany has continued to rise for the eight consecutive years and reached an all-time high of 41.84 million in 2013, an increase of 233,000 from 2012. In particular, women and the elderly have benefitted from the positive trendsRead More →
Accounting Law Reform Act, Bilanzrechtsreformgesetz – Bil-ReG In 2004, an amendment to the German Commercial Code (Accounting Law Reform Act, Bilanzrechtsreformgesetz – Bil- ReG) accompanied the introduction of the EU IAS Regulation, implementing several EU Directives (Modernization Directive, Threshold Directive, and Fair Value Directive). The BilReG led to a furtherRead More →
Primary policy instrument at the disposal of the FSC Warnings and recommendations: The primary policy instrument at the disposal of the FSC is its ability to issue warnings or ‘comply or explain’ recommendations to public sector authorities. The German authorities emphasise that there should be no mechanistic threshold or predeterminedRead More →
Small AG with fewer than 500 employees A small AG with fewer than 500 employees must, by virtue of its legal form, appoint a supervisory board of at least three members elected by the shareholders. EU Forecast euf:ba18e:65/nws-01Read More →
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