Germany’s state of Saxony-Anhalt will temporarily finance Domo Chemicals GmbH’s insolvent plastics production site in Leuna to prevent a potentially damaging shutdown, Bloomberg News reported. The plant, which makes plastics used in the automotive and construction sectors, will keep running at around 40% of capacity until the end of March, Christof Günther, managing director of chemical park operator InfraLeuna GmbH said Thursday, after helping to negotiate the financial lifeline with insolvency administrator Flöther & Wissing and the eastern German state.
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Germany's troubled economy returned to modest growth last year after two years of falling output, official figures showed, as hopes rise that government spending on bridges, rail lines and defence may help end years of stagnation, EuroNews reported. The expansion in gross domestic product of 0.2% for 2025 was fueled by stronger consumer and government spending while exports sagged under the weight of more restrictive US trade policy under President Donald Trump, the German Federal Statistical Office said on Thursday. That follows shrinkage of 0.5% in 2024 and 0.9% in 2023.
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Germany’s DZ Bank revealed it received regulatory approval from BaFin under the European Union’s Markets in Crypto-Assets (MiCA) framework, enabling it to offer meinKrypto, a digital asset trading platform targeted at retail clients through the cooperative banking system, CoinDesk.com reported. The announcement follows a broader trend in Germany, where traditional financial institutions are entering the crypto space under the MiCA regime. DekaBank, another cooperative group player, debuted crypto trading and custodial services for institutions in early 2025.
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Corporate insolvencies in Germany surged 15.2% year-on-year in December, according to preliminary data released Monday by the Federal Statistical Office (Destatis), AA.com.tr reported. Final figures showed that corporate insolvencies rose 4.8% annually in October to 2,108 cases. The transportation and warehousing sector recorded the highest insolvency rate in October, with 12.73 bankruptcies per 10,000 companies, followed by the hospitality sector at 10.5 cases per 10,000 companies.
The chemical industry in eastern Germany faces heightened uncertainty following the suspension of operations at Domo Chemicals' three sites in Saxony-Anhalt and Brandenburg, The Munich Eye reported. The Belgian-based company, which specializes in plastics production, has halted manufacturing activities due to unresolved insolvency proceedings and failed financial negotiations. According to official statements, the future of the Leuna site, a key hub for Domo's German operations, remains undetermined.
In Germany, some small investors who lost everything on companies on the verge of insolvency are complaining that they haven’t been allowed to put more money into the collapsed businesses, Bloomberg News reported. Battery maker Varta AG, auto supplier Leoni AG and communications-equipment company Mynaric AG all used a relatively new process known as StaRUG in the past few years to restructure their debts. In each case, stockholders were wiped out and, when it came time for the company to seek fresh equity capital, they weren’t given rights to subscribe to new shares.
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Germany had the highest number of unemployed in twelve years in 2025 and this year will continue to be challenging for Europe's biggest economy, the labour office said on Wednesday, Reuters reported. The average number of jobless in 2025 rose by 161,000 to 2.948 million, the highest annual figure since 2013, according to the labour office. Although the trough has probably been reached, a slight easing is not expected until the middle of the year at the earliest, said labour office head Andrea Nahles.
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A pension fund for more than 10,000 German dentists has launched legal action against its former auditor, an external adviser and several ex-managers after suffering investment losses of over €1.1 billion (about C$1.77 billion), OralHealthGroup.org reported. Versorgungswerk der Zahnärztekammer Berlin (VZB), which manages roughly €2.2 billion (C$3.55 billion) for dentists in Berlin, Brandenburg and Bremen, said the losses were significant enough to prompt a corruption probe by Berlin prosecutors.
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