Latest Press Releases

On the occasion of Professor Otto H. Jacobs's 65th birthday, the Centre for European Economic Research (ZEW) and the University of Mannheim will stage a scientific symposium entitled "Die internationale Unternehmensbesteuerung im Wandel" (“Changes in International Corporate Taxation”) on October 22, 2004 in Mannheim.

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Service providers in the information economy are looking towards the coming quarter with confidence. This is reflected in the renewed increase in the ZEW-IDI sub-indicator for business expectations, which, with a value of 69.4 in the third quarter of 2004, has now almost reached its highest ever value of 70.0 which was achieved in the third quarter of 2003.

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The ZEW Indicator of Economic Sentiment for Germany decreases by 7.1 points in October. The indicator now stands at 31.3 points compared with +38.4 points in September. Hence, it lies below its historical average of +34.7 points.

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On 12th October 2004, Prof Dr Dr h. c. mult. Otto H. Jacobs celebrates his 65th birthday.

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As a new element of its homepage the Centre for European Economic Research (ZEW) in Mannheim, Germany, has set up a comprehensive taxation platform at: www.zew.de/en/publikationen/taxation

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ZEW Study: Governmental incentives for the funding of R&D projects are often more successful than expected. Linking governmental subsidies to the cooperativeness of the subsidised companies has a positive impact on innovation results.

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The ZEW Indicator of Economic Sentiment for Germany decreased by 6.9 points in September. The indicator now stands at 38.4 points. Although this value represents a further decline compared to +45.3 points in August, expectations remain above their historical average of +34.8 points. Thus, experts expect a slight medium-term recovery of the economy.

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In the third quarter of 2004, uncertainty prevails on German and cross-border transport markets. This is due to the sharp increase in fuel prices, the imminent second attempt at introducing a truck toll in Germany at the beginning of next year, the rather weak German economy, and tougher competition among transport companies following the EU eastward enlargement.

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Not many enterprises will have to bear a great burden from the European emissions trading system. More than 80 percent of the participants of an expert survey conducted by the Centre for European Economic Research (ZEW) in Mannheim, Germany, see the price for carbon dioxide emission rights at the beginning of 2005, the onset of the European emissions trading system, below ten Euro per ton of carbon dioxide. About 31 percent estimate the price even below five Euro.

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High hopes rest on a new tool that could possibly prevent developing countries from falling into the debt trap: so-called growth bonds. In the course of its current debt restructuring negotiations, Argentina mentioned growth bonds as a means to regain access to international capital markets.

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