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Latest Press Releases

July 2015

28.07.2015 – ZEW (fhe/ggr)

ZEW Researchers Present Proposal for European Fiscal Union

The dispute over a solution to the Greek sovereign debt crisis has revealed the major shortcoming of eurozone crisis management: there is no effective strategy to enforce negotiated reforms and budget cuts if a member of the European Economic and Monetary Union is not playing by the rules. Researchers from the Centre for European Economic Research (ZEW) stress that the institutional structure of the euro area is in need of reform. They also make a practical proposal on how to create a functional European Fiscal Union. read more

24.07.2015 – ZEW (csp/mev/ggr/jpr)

Inheritance Tax Reform Significantly Raises Costs for Business Transfers

For a number of years, the Centre for European Economic Research (ZEW) has regularly calculated the inheritance tax burden applicable when a large mid-tier sample company, in the legal form of a limited liability company or a partnership, is transferred to a close family member (a spouse or child). Calculations are carried out for Germany and 17 other countries. The sample company used has an inheritance tax value of approximately EUR 103 million. The model calculations carried out by ZEW, which are based on three reform proposals made by the German federal government, suggest that the sample company's inheritance tax burden would grow considerably. If the latest cabinet draft was implemented, the post-reform tax burden would increase by approximately 142 per cent. In absolute numbers, this corresponds to an increase of EUR 10.9 million to a total of EUR 18.6 million. read more

24.07.2015 – ZEW (jpr/ybr (Video))

Dialogue on Deck: "Cities Need Founders" – ZEW Hosts Discussion on Board the MS Wissenschaft

Why is start-up activity in Germany decreasing, and what are the characteristics of an attractive business location? These were the main topics discussed at the "Dialogue on Deck: Cities Need Founders" event staged by the Centre for European Economic Research (ZEW) on July 23. The event took place on board the exhibition ship MS Wissenschaft (MS Science), which anchored in Mannheim from July 23-26, 2015. Dr. Peter Kurz, First Major of the City of Mannheim, Dr. Georg Licht, head of the ZEW Research Department "Industrial Economics and International Management", and Jacqueline Yildirim, founder of JACQ GmbH, discussed the overall start-up situation in Germany and, in particular, in Mannheim, as well as the factors that are decisive for the attractiveness of business locations for founders. read more

23.07.2015 – ZEW (ole/msc/ggr/jpr)

ZEW-PwC China Economic Barometer: German Companies See Themselves as Ahead of Chinese Competitors

German companies are well positioned with respect to their Chinese competitors. This is the outcome of the latest ZEW-PwC China Economic Barometer for the 3rd quarter of 2015, which surveyed executives from German companies working in China. Three quarters of those surveyed believe they are ahead of their Chinese competitors. Just eight per cent reported on Chinese companies that were ahead of them. The ZEW-PwC China Economic Barometer is a quarterly survey by the Centre for European Economic Research (ZEW) in cooperation with PwC. read more

20.07.2015 – ZEW (der/fkr/jpr)

ZEW Business Survey in the Information Economy - Companies in the German Information Economy Sector Are Optimistic

Six months into the year, economic sentiment among the companies in the information economy sector continues to be optimistic, as suggested by the current reading of the Economic Sentiment Indicator for the Information Economy. The indicator takes into account the companies' current business situation and business expectations. With a current value of 63.7 points, the sentiment indicator clearly exceeds the critical 50-point mark, signalling a positive economic climate in the information economy. This is the result of a survey in the information economy conducted by the Centre for European Economic Research (ZEW) in June 2015. read more

16.07.2015 – ZEW (zil/jpr)

ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Current Situation Shows Major Improvement and is Expected to Remain Steady in the Mid-Term

In July 2015, economic expectations for the countries in Central and Eastern Europe, including Turkey (CEE region), have deteriorated. In the current survey, the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has decreased by 34.5 points to 15.5 points. This decrease is largely due to the fact that more than one fifth of survey respondents, who previously expressed optimistic expectations, have changed their forecasts to neutral (i.e. no change) this month. In contrast to economic expectations, experts’ assessments of the current economic situation have improved. This is indicated by an increase of 30.4 points to a level of 15.4 points of the respective indicator. One fifth of the survey respondents, who previously gave a negative assessment of the current situation in the region, have now given an either positive assessment (10.4 percent), or neutral assessment (9.6 percent) of the current situation. read more

16.07.2015 – ZEW (cfu/ggr/jpr)

ZEW President Fuest Calls for Politicians to Make Costs of Greek Bailout Package Transparent to Taxpayers

In guest commentary for the German newspaper "Frankfurter Allgemeine Zeitung" published this morning, the president of the Centre for European Economic Research (ZEW), Professor Clemens Fuest, urged that the costs of the new bailout package for Greece would have to be made transparent for German taxpayers. Unlike in the previous aid programmes, the vote on the new bailout package for Greece, taken in the German parliament, will not be a matter of loans, says Fuest, but rather of transfers - i. e. money that will not be returned. The programme therefore marks a fundamental turning point in the eurozone - the venture into the transfer union. read more

15.07.2015 – ZEW (lja/ggr/jpr)

ZEW-CS Financial Market Test Switzerland - Economic Outlook Decreases

In July 2015 the ZEW-CS Indicator for Switzerland decreases. The indicator declines by 5.5 points and now stands at a value of minus 5.4 points. This reading indicates that a slightly larger fraction of financial experts expects the Swiss economy to deteriorate in comparison to the current situation. The ZEW-CS Indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon. It is calculated on a monthly basis by the Centre for European Economic Research (ZEW), Mannheim, in cooperation with Credit Suisse (CS), Zurich. read more

14.07.2015 – ZEW (jrr/dre/jpr)

ZEW Indicator of Economic Sentiment - Slight Decline of Economic Sentiment

The ZEW Indicator of Economic Sentiment for Germany slightly declines in July 2015. Decreasing by 1.8 points compared to the previous month, the index now stands at a level of 29.7 points (long-term average: 24.9 points). "Neither the difficulties in dealing with the Greek sovereign debt crisis nor the turmoil on Chinese financial markets seem to make a strong impression on the financial market experts. Despite the slight decline of the indicator, the overall economic outlook for Germany remains positive", says ZEW President Professor Clemens Fuest. read more

08.07.2015 – ZEW (srr/ggr/jpr)

Swiss Economist Receives Heinz König Young Scholar Award Including EUR 5,000 Endowment

Stefano Carattini from the Haute Ecole de Gestion de Genève, Switzerland, is the 2015 recipient of the Heinz König Young Scholar Award of the Mannheim Centre for European Economic Research (ZEW). The jury's decision indicates their recognition of the excellent research carried out by Carattini into the effect of a pay-per-bag tax on household waste on the produced amount of waste. By looking at the influence of such taxation on the behaviour of households and at the acceptability of such measures, Carattini has made an important contribution to the debate on the impact of fiscal policy on tackling environmental issues and promoting a sustainable economy. read more

02.07.2015 – ZEW (mac/ggr)

Expert Statement on the German Federal Government’s Decision to Establish a Capacity Reserve: Shutting Down Coal-Fired Power Plants Costs Billions – and Contributes Nothing to Protect the Climate

Dr. Martin Achtnicht, Senior Researcher and Acting Deputy Head of the ZEW Research Department "Environmental and Resource Economics, Environmental Management", assesses the climate effects resulting from the German Federal government's decision to establish a "capacity reserve" system of brown coal power plants. read more


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