Consolidation of shareholders’ equity The consolidation of shareholders’ equity follows the purchase method under which the difference between the book value of the investment (cost) and the portion of the shareholders’ equity to be consolidated at the time of the acquisition is allocated to the assets and liabilities of theRead More →
Agricultural research expenditure data Agricultural research expenditure data disaggregated by the level of federal states (Länder) is not available for GERD and GBAORD. However, the annually published report on research expenditure by the Federal Statistical Office (Fachserie 14 / 3 / 6 Ausgaben, Einnahmen und Personal der öffentlichen und öffentlichRead More →
German labour force is well-trained Availability of labour The German labour force is well-trained and well-educated, and is used to high standards of efficiency and of organisation. It is also used to high standards of protection and to generous fringe benefits and remuneration. In a nutshell, German labour is ofRead More →
Foreign Trade Zones/Free Ports There are four free-trade zones in Germany established and operated under EU law: Bremerhaven, Cuxhaven, Deggendorf and Duisburg. These duty-free zones within ports also permit value-added processing and manufacturing for EU-external markets, albeit with certain requirements. All of them are open to both domestic and foreignRead More →
Forward-looking supervision Forward-looking supervision: BaFin and the Bundesbank have taken some steps to make banking supervision more forward-looking while at the same time intensifying the supervision of SIFIs. With respect to more forward looking supervision, resources have increased in specific risk areas, particularly for qualitative horizontal reviews and IT supervision;Read More →
Domestic and Foreign companies In general, both domestic and foreign companies must be included in the consolidated financial statements. Group financial statements comprise a consolidated balance sheet, a consolidat- ed income statement, and notes to the financial statements, as well as a report on the business trends and outlook ofRead More →
Federal Ministry of Research and Education (BMBF) The Federal Ministry of Research and Education (BMBF) publishes actual expenditure data broken down by funding areas and funding priorities, which are based on the Federal Government’s R&D planning system (Leistungsplansystematik)6. This system has been revised since the reporting year 2011. Agricultural researchRead More →
SE Participation Act The SE Participation Act regulates the participation of the employees in the running of the company. This includes both the traditional workers’ council level of representation of employee interests before management and the co- determination level of employee involvement in the supervision of management. The Act setsRead More →
Five main recommendations to strengthen banking supervision The FSAP made five main recommendations to strengthen banking supervision: • Analytical, forward looking assessments of institutions need to be enhanced by firmly embedding the use of rigorous stress testing in supervisory practices/capital adequacy assessments (BCPs 6,7 and 19); • Increase the scopeRead More →
Works councils At the company level, works councils represent the interests of workers vis-à-vis their employers. A works council may be elected in all private companies employing at least five people. The rights of the works council include the right to be informed, to be consulted, and to participate inRead More →
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