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05.02.2010 - ZEW (kbo/tko)
Baden-Wuerttemberg Ministry of Finance Appoints General Director Klaus Tappeser to ZEW Supervisory Board
Klaus Tappeser, General Director at Baden-Wuerttemberg Ministry of Sciences, Research and the Arts, was appointed to the Supervisory Board of the Centre for European Economic Research (ZEW) in Mannheim. His predecessor, Dr. Dietrich Birk, State Secretary at Baden-Wuerttemberg Ministry of Sciences, Research and the Arts, resigned from his office at the end of January 2010. Dr. Heribert Knorr, Head of Section at Baden-Wuerttemberg Ministry of Sciences, Research and the Arts, was appointed Mr Tappeser's deputy in the ZEW Supervisory Board.
26.01.2010 - ZEW (cgr/kbo)
ZEW-ZEPHYR M&A-Index - Mergers and Acquisitions at Record Low in 2009 – Rebound Emerging in 2010
Worldwide activities in mergers and acquisitions (M&A) collapsed dramatically in 2009. Only about 18,500 mergers and acquisitions with majority interests and a total capacity of almost one trillion euro took place in 2009. Therefore, 2009 was the year with the lowest turnovers in this decade. In 2007, more than 22,800 mergers and acquisitions with a total capacity of 1.8 trillion euro took place due to the good economic situation. "In total, the M&A activities increased considerably in the forth quarter of 2009 and therefore improved the bad balance sheet of 2009", explains Dr. Christoph Grimpe, Senior Researcher at ZEW.
25.01.2010 - ZEW (mko/ggr)
ZEW Survey Among Financial Market Experts Draw Conclusion of Financial Crisis - Changes in Supervisory Board Structure Mandatory
The banks' supervisory boards have not fulfilled their control function properly over the last few years and therefore are partly responsible for the crisis on the financial markets. The government definitely has to improve the supervisory board structure in banks. Priorities lie on higher requirements regarding the qualification and experience of board members, a limited number of mandates held by each board member and reinforcing the rights on information of the supervisory board towards the board of directors. A longer retention period when changing from the board of directors to the supervisory board is to be considered. These are the clear findings of a current survey conducted by the Centre for European Economic Research (ZEW) in Mannheim among 222 financial market experts within the monthly ZEW financial market test.
22.01.2010 - ZEW/ Erste Group Bank (mbo/kbo)
ZEW-Erste Group Bank Sentiment Indicator for Central and Eastern Europe (CEE) - Economic Expectations for Central and Eastern Europe Remain Optimistic
The ZEW-Erste Group Bank Sentiment Indicator CEE that reflects the business outlook for Central and Eastern Europe (CEE) increases by 7.1 points to 59.1 points in January. 67.3 percent of the polled financial market experts expect the economic situation to improve in the region till mid of the year.
The CEE Indicator is calculated monthly by the Centre for European Economic Research (ZEW), Mannheim, with support from the Erste Group Bank, Vienna. It reflects the assessment of the economic development for the CEE region on a six months time horizon.
21.01.2010 - ZEW/CS (gla/ggr)
ZEW-CS Financial Market Test Switzerland - Economic expectations brighten up slightly in January
The ZEW-CS-Indicator of Economic Sentiment for Switzerland edged up in January 2010 by 2.2 points, reaching the 56.2 mark. The current rise outweighs the indicator's slight decline noted in December 2009. This reveals the current Financial Market Test Switzerland, carried out monthly by the Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS).
19.01.2010 - ZEW (ssc/mko/kbo)
ZEW Indicator of Economic Sentiment - Recovery Slows Down Somewhat
The ZEW Indicator of Economic Sentiment for Germany decreased by 3.2 points in January 2010. The indicator now stands at 47.2 points after 50.4 points in the previous month. This value is still well above the indicator's historical average of 27.1 points.
18.01.2010 - ZEW/Creditreform (msu/ggr)
Service Providers of the Information Society - Companies deploy Green IT primarily in order to reduce operating costs
The term Green IT includes apart from the energy efficient and environmentally friendly production and disposal of information and communication technology (ICT) also the reduction of emissions via the use of ICT. Meanwhile, more than half of the companies of the economic sector service providers of the information society use telephone conferences as a substitute for business trips. For this purpose, a whole series of companies falls back on net-meetings and video conferences. The greatest advantage of Green IT for the companies is the reduction of operating costs, followed by gains in efficiency and productivity as well as the positive effects with regard to the image of the company. This is the result of a business survey among service providers of the information society, conducted by the Centre for European Economic Research in cooperation with the credit reference agency Creditreform, Neuss, in December 2009 (details regarding the survey are provided below).
14.01.2010 - ZEW/Creditreform (msu/ggr)
Service Providers of the Information Society - Economic Sentiment among ICT Service Providers and Knowledge Intensive Service Providers Further Improves
The economic situation among companies in the economic sector service providers of the information society further improves. Companies in this economic sector overall expect a positive development in the first quarter of 2010. Moreover, the current business situation receives better evaluations than in mid 2009.
