Germany

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The Giant Hole in Germany’s Economy: Startups

Europe’s biggest economy needs people who think small. German business is booming and employment stands at a record high. But the surge is driven mainly by decades-old companies. Startups are scarce and getting rarer. That worries policy makers. In a sig ...

Daily Headline - global.abi.org - 03/05/2015 - 21:29 - 0 comments

German Module Manufacturer Solar-Fabrik Files For Insolvency

Solar-Fabrik, one of the last remaining PV module manufacturers still in German ownership has filed for insolvency, but under self administration, at the local court of Freiburg, PV-Tech reported. The company said that the insolvency proceedings were due ...

Daily Headline - global.abi.org - 02/02/2015 - 23:05 - 0 comments

Managers Back In Court In Teldafax Insolvency Case

The trial against three former managers of the independent utilities discounter Teldafax resumed on Monday, putting an end to a nearly year-long suspension, Deutsche Welle reported. Last February, Teldafax's former senior executives, Klaus Bath, ...

Daily Headline - global.abi.org - 01/26/2015 - 22:09 - 0 comments

The Nürburgring and state aid

Jens Lieser & Dr. Alexander Jüchser In July 2012 the Nürburgring GmbH, 90% owned by the state of Rhineland-Palatine and 10% owned by the district of Bad Neuenahr-Ahrweiler, and two of its subsidiaries, filed for insolvency administration in acc ...

Resource Article - abi_admin - 01/21/2015 - 11:43 - 0 comments - 1 attachment

German Landesbanken: Lost A Fortune, Seeking A Role

A bank backed by authorities in Europe’s most solvent economy should hardly be considered risky, The Economist reported in an analysis. Yet it came as a surprise to many that HSH Nordbank, a lender majority-owned by two northern German states, even p ...

Daily Headline - global.abi.org - 01/08/2015 - 22:38 - 0 comments

France and Germany Push Athens on Bailout Commitments

Europe has returned to the signature brinkmanship of the debt crisis that brought its currency union close to collapse five years ago: France and Germany are again warning Greece it is putting its eurozone membership at risk, The Wall Street Journal ...

Daily Headline - global.abi.org - 01/05/2015 - 21:05 - 0 comments

Berlin Insists It Expects Greece To Remain In Eurozone

Germany has insisted that it expects Greece to stay in the eurozone, despite a news report claiming Berlin was ready to see Athens quit the common currency if the populist Syriza party wins this month’s snap election and reneges on the country’s reform p ...

Daily Headline - global.abi.org - 01/04/2015 - 21:11 - 0 comments

Allianz Lead Reinsurer To Missing AirAsia Plane

Allianz could be exposed to claims of at least $100 million linked to the AirAsia jet missing off the Indonesian coast with 162 people on board, which would be the third major airline accident it has been exposed to this year, the Irish Times reporte ...

Daily Headline - global.abi.org - 12/29/2014 - 22:21 - 0 comments

BitComposer Files For Insolvency

German developer and publisher BitComposer has filed for insolvency. The studio claimed its own problems stemmed from “the financial difficulties of its suppliers in game development”. As a result, it said, it could not complete work on its new titles an ...

Daily Headline - global.abi.org - 12/16/2014 - 22:58 - 0 comments

Germany May Face €500 Million Hypo Real Estate Compensation Bill

Germany could be left with a €500 million compensation bill after a Munich court ruled that property lender Hypo Real Estate (HRE) falsified accounts and misled investors about its exposure to the financial crisis, the Irish Times reported. The Germa ...

Daily Headline - global.abi.org - 12/15/2014 - 23:04 - 0 comments

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