Robert Habeck

Germany’s Economy Is In “Troubled Waters”

Minister of Economy Robert Habeck stated that the economic situation in Germany is exceptionally challenging during the presentation of the significantly lowered new government forecast for growth this year. The German government has adjusted its projection for economic growth in 2024 downward, from 1.3% to 0.2%.

German economy buffeted by 'perfect storm'

Weaker exports, costly energy and a stuttering green transition have combined to form a "perfect storm" for the German economy, leaving Chancellor Olaf Scholz's coalition bickering over how to change course.

The government will unveil its latest economic forecasts for 2024 on Wednesday, with media reports suggesting a sharp downgrade to a mere 0.2 percent growth.

The end for Scholz?

According to the results of the survey, the social democratic head of government is favored by only 19 percent of respondents.
According to the ARD/Infratest public opinion survey, Scholz has one percent less support than in December, which is the lowest value in the Infratest survey on the popularity of a federal chancellor since 1997.

What exactly Germany's done? This is a historic decision with disastrous consequences

At a tense meeting of representatives of the federal authorities, led by Chancellor Olaf Scholz, with the prime ministers of 16 German states, a resolution was agreed upon, in which it is written that "the Federal Government will investigate whether the determination of the protection status of refugees can be carried out during their transit in third countries".

Türkiye-Germany trade volume set to top $50 billion

The bilateral trade volume between Türkiye and Germany is expected to surpass $50 billion at the end of this year, top Turkish officials have said.

Germany's Economic Affairs and Climate Protection Minister Robert Habeck and an accompanying delegation were in Türkiye this week for high-level talks.

Habeck met with Finance Minister Mehmet Şimşek and Trade Minister Ömer Bolat.

Germany, France and Italy agree raw materials cooperation

Germany, France and Italy have said they would cooperate more closely on the procurement of raw materials as Europe seeks to reduce its reliance on imports from countries such as China.

"Better diversification of our raw material supply is economic security," German Economy Minister Robert Habeck said in a statement.

Intel, Germany sign agreement for $32.8 billion chip plant

Intel and the German government have signed a deal that would see the U.S. company investing more than 30 billion euros ($32.8 billion) in a chip manufacturing site in the German city of Magdeburg, with financial support from Berlin.

Word of the agreement came as German Chancellor Olaf Scholz met Intel CEO Pat Gelsinger in the German capital.

German Minister wants Sanctions for countries like Bulgaria

Countries that receive uranium (nuclear fuel) from Russia for their nuclear power plants should face sanctions, German Economy Minister Robert Habeck said on his return from a two-day visit to Kyiv, DPA reported. During his talks in Ukraine, the main issue, he said, was "the supply of uranium for nuclear fuel rods to Europe from Russia."

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