17 Percent of EU Imports from China
The share of China in EU27 trade in goods continued to rise in the first six months of 2009. Germany, the Netherlands and the United Kingdom are the largest trading partners of the People’s Republic. Read more
Improving Ifo Business Climate
The Ifo Business Climate for industry and trade in Germany clearly improved again in November. Read more
Gebrueder Weiss Takes over Serbian Eurocargo
The Austrian logistics service provider is strengthening its position in the Balkans by taking over the established freight forwarder and logistics company. Read more
Volkswagen to Buy Stake in Karmann
At its meeting today, the Supervisory Board of Volkswagen Aktiengesellschaft approved the acquisition of land, machinery and equipment formerly belonging to the Karmann holding company at the Osnabrueck site. For the coming weeks the establishment of a new Volkswagen car manufacturing subsidiary is planned and later on, the launch of a new vehicle project. Read more
Ifo: World Economic Climate Improving
The Ifo World Economic Climate Indicator rose in the fourth quarter of 2009 for the third time in succession. The rise in the indicator is the result of both more favourable expectations for the coming six months as well as less negative assessments of the current economic situation. The recovery of the world economy is driven especially by the dynamic development in Brazil as well as in India, China and other Asian countries. Read more
New Logistics Hub for Hamburg
One of the largest Kuehne + Nagel Group’s largest logistics centres was opened in Hamburg-Obergeorgswerder yesterday. Great importance was attached to the environmentally-friendly and sustainable architectural design and operations of the facility, demonstrated through extensive green spaces and plants as well as the lighting and heating systems and the use of regenerative energies. A photovoltaic array on a roof space of 4,500 sqm is among the largest in Hamburg. Read more
Steel and Iron Production Rising in October
German metallurgical plants produced 2.14 million tonnes of pig iron and 3.45 million tonnes of raw steel in October 2009. Read more
Prison Term for Textile Smuggling from China
A two-and-a-half year prison term and fines totalling almost 50 million Euros is the punishment imposed on an individual responsible for large scale fraud involving textiles imported from China. Read more
Stimulus from Asia for BASF
BASF believes that destocking by its customers worldwide appears to be over for the time being. This has caused a slight upturn in demand. However, customers are still placing smaller orders at increasingly short notice, especially closer to the end of the year. Read more
