finance
German coalition leaders have agreed to lower bureaucratic hurdles for foreign nationals seeking employment in the country. Under the terms of the preliminary 2025 national budget, which was agreed on Friday by Chancellor Olaf Scholz, Vice Chancellor Robert Habeck and Finance Minister Christian Lindner, the powers of German immigration authorities to reject work permits are set to be limited. Habeck said foreign nationals should automatically be allowed to take up employment in Germany, unless immigration authorities object within 14 days. Integrating more refugees and prospective taxpayers in...
DPA
German coalition leaders have agreed to lower bureaucratic hurdles for foreign nationals seeking employment in the country. Under the terms of the preliminary 2025 national budget, which was agreed on Friday by Chancellor Olaf Scholz, Vice Chancellor Robert Habeck and Finance Minister Christian Lindner, the powers of German immigration authorities to reject work permits are set to be limited. Habeck said foreign nationals should automatically be allowed to take up employment in Germany, unless immigration authorities object within 14 days. Integrating more refugees and prospective taxpayers in...
DPA Breaking News
German lawmakers gave the green light on Friday for a faster expansion of the electricity grid, as part of efforts to switch to more power from renewable sources. The decision means the construction of two major power-line routes to transport renewable electricity from the north of Germany - where most of the country's wind farms are located - to the south can be brought forward. Exactly when construction can begin depends on the plans of the Federal Network Agency and the transmission system operators. The approval by the Bundestag - the lower house of the German parliament - means that the e...
DPA Breaking News
German Chancellor Olaf Scholz has promised that spending on the German armed forces will be maintained, after the terms of a preliminary 2025 budget deal agreed on Friday showed a modest increase for the Bundeswehr. Scholz said that the Bundeswehr's regular budget would reach €80 billion ($87 billion) after 2028, when the emergency €100 billion special fund for the armed forces - agreed in the aftermath of Russia's full-scale invasion of Ukraine in 2022 - is spent. The chancellor said the €80-billion figure would ensure Germany reaches the NATO threshold of spending 2% of GDP on defence. The B...
DPA International
German Chancellor Olaf Scholz has promised that spending on the German armed forces will be maintained, after the terms of a preliminary 2025 budget deal agreed on Friday showed a modest increase for the Bundeswehr. Scholz said that the Bundeswehr's regular budget would reach €80 billion ($87 billion) after 2028, when the emergency €100 billion special fund for the armed forces - agreed in the aftermath of Russia's full-scale invasion of Ukraine in 2022 - is spent. The chancellor said the €80-billion figure would ensure Germany reaches the NATO threshold of spending 2% of GDP on defence. The B...
DPA
German Chancellor Olaf Scholz has promised that spending on the German armed forces will be maintained, after the terms of a preliminary 2025 budget deal agreed on Friday showed a modest increase for the Bundeswehr. Scholz said that the Bundeswehr's regular budget would reach €80 billion ($87 billion) after 2028, when the emergency €100 billion special fund for the armed forces - agreed in the aftermath of Russia's full-scale invasion of Ukraine in 2022 - is spent. The chancellor said the €80-billion figure would ensure Germany reaches the NATO threshold of spending 2% of GDP on defence. The B...
DPA Breaking News
German businesses are set to receive billions of euros worth of tax breaks under the terms of a preliminary 2025 budget deal reached by the coalition parties on Friday. German Chancellor Olaf Scholz said in Berlin that the new financial plan will allow businesses to deduct investments and research expenditure from their tax bills, while applying for subsidized loans from the state KfW investment bank to encourage economic growth. Vice Chancellor and Economy Minister Robert Habeck praised the deal, speaking of a "new economic dynamism" in Germany. Scholz also highlighted reductions in bureaucra...
DPA International
German businesses are set to receive billions of euros worth of tax breaks under the terms of a preliminary 2025 budget deal reached by the coalition parties on Friday. German Chancellor Olaf Scholz said in Berlin that the new financial plan will allow businesses to deduct investments and research expenditure from their tax bills, while applying for subsidized loans from the state KfW investment bank to encourage economic growth. Vice Chancellor and Economy Minister Robert Habeck praised the deal, speaking of a "new economic dynamism" in Germany. Scholz also highlighted reductions in bureaucra...
DPA
German businesses are set to receive billions of euros worth of tax breaks under the terms of a preliminary 2025 budget deal reached by the coalition parties on Friday. German Chancellor Olaf Scholz said in Berlin that the new financial plan will allow businesses to deduct investments and research expenditure from their tax bills, while applying for subsidized loans from the state KfW investment bank to encourage economic growth. Vice Chancellor and Economy Minister Robert Habeck praised the deal, speaking of a "new economic dynamism" in Germany. Scholz also highlighted reductions in bureaucra...
DPA Breaking News
The leaders of Germany's three-party coalition on Friday achieved a breakthrough in negotiations on the national budget for 2025, dpa has learnt from government sources. The coalition leaders have also reached a preliminary deal on a financial plan to secure additional economic growth of more than 0.5% - worth an estimated €26 million ($28 million) - in the coming year. Sources told dpa that the coalition plans to stick with strict rules against budget deficits, known as the debt brake, banking on a significant increase in economic output and a supplementary budget to overcome shortfalls in go...
DPA International
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