Comment
Tax Policy | Inheritance tax | Tax reform | reform process

After a lengthy political dispute over a required reform of the German inheritance tax system, the mediation committee of the Federal Government and the Länder has reached a compromise. Professor Christoph Spengel, research associate at the Centre for European Economic Research (ZEW) and Chair of Business Administration and Taxation II at the University of Mannheim, comments on the recent agreement,

Research
Climate policy | KfW/ZEW CO2 Barometer | Emissions trading

German companies participating in the EU Emissions Trading Scheme (EU ETS) analyse the consequences of climate policy on their competitiveness in a variety of ways. When asked whether global climate policy - e. g. decisions adopted at UN climate negotiations - negatively impacted on their competitiveness, 39 per cent of the respondents gave a positive response. 53 per cent of companies expect European climate protection rules, such as the EU ETS, to have a negative impact on competitiveness. Climate policy at the national level, the turnaround in German Energy Policy (the so-called energy transition), for example, is perceived as being potentially damaging by 59 per cent of companies. This is one of the findings of the KfW/ZEW CO2 Barometer 2015, an annual survey conducted by KfW bank in cooperation with the Centre for European Economic Research (ZEW), since 2009. The survey analyses the impact of the EU ETS on the companies regulated.

Research
Real estate | Real estate market | Real Estate Services

Germany’s top office markets still register a slight upswing in 2012. For 2013, however, stagnation is expected. Vacancies, top rents and high yields will remain nearly constant. These are the findings of the fifth survey among real estate market experts, which is conducted on a six-month basis by the Society of Property Researchers (gif – Gesellschaft für Immobilienwirtschaftliche Forschung) in cooperation with the Centre for European Economic Research (ZEW) in Mannheim.

Research
ICT | Internationalization | Innovation

Innovation, skilled employees and customised products and services are the success factors of German ICT (Information and Communication Technology) companies for accessing foreign markets. These are the findings of a study conducted by the Centre for European Economic Research (ZEW) on behalf of the Federal Ministry of Economics and Technology (BMWi). The study represents the preparatory work for the 6th National IT Summit on December 6, 2011, in Munich. It analyses the key intentions, success factors and problems regarding the internationalisation of German companies from the ICT sector. The study includes a representative survey of approx. 600 ICT businesses.

ZEW Indicator of Economic Sentiment
Short-term forecast | Germany | Business survey | ZEW Indicator of Economic Sentiment | Business Cycle | Cyclical indicator

The ZEW Indicator of Economic Sentiment for Germany has decreased by 6.9 points in November 2011. This is the ninth decline in a row. The indicator now stands at minus 55.2 points. This value is below the indicator’s historical average of 25.0 points. A lower value of the indicator was last seen in October 2008.

CEE Indicator of Economic Sentiment
EWU | ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) | Short-term forecast | Central-Eastern Europe | Eastern Europe | Austria | Cyclical indicator | Business survey | Turkey | Business Cycle

The financial market experts that are asked about their economic expectations for the CEE region in a monthly survey conducted by the ZEW, the Centre for European Economic Research, Mannheim, supported by Erste Bank der oesterreichischen Sparkassen, Vienna, are increasingly pessimistic. The sentiment indicator has decreased in November and now stands at -17.7 points. The experts' assessment of the current economic situation for Central and Eastern Europe is also lower compared to the previous month's survey but is still predominantly positive. The survey participants attest the Austrian economy to be in a good state, too, but economic expectations have declined markedly.

Research
Germany | Firm formation

The bottoming-out of the persistent downward trend of firm foundations in Germany, since 1999 the case, seems to have been reached. The semi-annual examination of firm foundations in Germany by the Centre for European Economic Research (ZEW) in Mannheim reveals that the number of firm foundations for the year 2002 has stayed the same in comparison to 2001.

Research
Business survey | Process innovation | Information Services | Service Providers of the Information Society | Service industry | Innovation

When it comes to maintaining their competitiveness, the renewal and improvement of internal business processes plays a considerable role for service providers. In view of this, service providers in the information industry place particular store in the implementation of new, or significantly improved, technologies (process innovations).

Research
Business survey | Information Services | Service Providers of the Information Society | Service industry

The annual rate of growth in turnover in the German IT-related services sector increased to 2.1 percent in the third quarter of 2003, up from 1.8 percent in the previous quarter.

Research
Germany | Occupation | Women | France | Family policy

French women with children are more often employed than German mothers. This is the case despite the fact that French women are more frequently mothers, and also have more children than German women. In France in 2000, 68 per cent of mothers were employed, whilst this was the case for only 57 per cent of mothers in Germany.

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