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  • Why do business in Germany?
Price : £1.00 (Next)
Type : Sell
Date : April 4, 2020
Condition : Used
Warranty : Yes
Location : Gurugram, Haryana 122002

Europe strongest economy

With annual sales of goods and services of 2.9 trillion Euros, Germany is the strongest economy in

Europe and one of the largest economies in the world. It accounts for more than 20% of the EU's GDP

and is also the engine driving European economic growth. In fact, Germany has weathered the recession

very well-with improved GDP, employment and per capita income, it has actually become Europe's

strongest economy.

political stability

An important but often overlooked factor contributing to Germany's strong economic development is

the political and social stability that Germany enjoys. Germany is a federal parliamentary democracy and

a country ruled by law. As a founding member of the European Union (EU), Germany plays an active role

in decision-making within the European Union. The EU has played a role in promoting peace and

prosperity in the region, which in turn has enabled countries to focus on economic and social


R & D frontier

Germany is known for research institutions such as the Max Planck Institute, the Fraunhofer Institute

and the Helmholtz Institute. German universities are known for providing quality education. Germany is

also a leader in patent applications, and places great emphasis on research and innovation. German

Federal Government advocates

Research through "Hi-Tech Strategy". This initiative is particularly important because of its contribution

to solving global challenges. It also provides support for key technologies that serve as a driving force for

innovation, including information and communications technology, optical technology,

Production technology, materials technology, biotechnology, nanotechnology, microsystem technology

and innovation services. In addition to this support, there are subsidy programs for all types of


Mainly for small and medium enterprises (SMEs). The SME Central Innovation Program (ZIM) is the most

well-known program designed to promote innovation and competitiveness of SMEs.

Thanks to consistent support for research and development at the policy level, German companies have

easy access to the most advanced technologies.

Reliable and sound legal system

The German legal system is well organized, efficient and fair. For foreign investors, a clear and reliable

legal system is an important factor in deciding where to invest. As we all know, arbitration is a method

of settling disputes, which gives the parties maximum flexibility in deciding on the method of dispute

settlement without having to spend a lot of time in court proceedings.

High-quality resources available at all times

Combined with leading universities and research institutions, approximately 80% of the German

population is educated at university or holds a recognized professional qualification-higher than the

average of the Organization for Economic Cooperation and Development (OECD)

About 65%. This means easy access to high-quality resources.

Top-level infrastructure

Located in the heart of Europe, Germany is the largest logistics market in Europe. Advanced energy and

communications infrastructure and a state-of-the-art transportation network ensure on-time delivery

and a successful short circuit. Germany is the preferred location for global trade fairs. About two-thirds

of the world's major trade shows are held in Germany. The largest annual international trade fairs and

congresses are usually held in German cities such as Hanover, Munich, Frankfurt and Berlin.

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