Germany’s new Economics Minister, Katherina Reiche, has introduced an ambitious plan to support economic growth and business development. During her speech at the East German Economic Forum in Bad Saarow, she revealed that the federal cabinet will roll out a relief package by mid-July focused on two main aspects:
- Reducing electricity taxes
- Introducing initial labor market reforms
Reiche highlighted the government’s commitment to fostering growth through an “investment booster” aimed at enhancing depreciation options for companies. This measure is expected to stimulate business investment. Corporate tax reforms are also on the horizon, planned for the second half of the legislative period, which the minister believes will help trigger a “trend reversal” in economic development.
Eastern Germany, Reiche’s birthplace, has demonstrated notable economic progress and is increasingly attractive to investors. One key innovation area the government is supporting is the establishment of “living labs.” These labs serve as pilot zones for new concepts in digitalization and sustainability, allowing early assessment of potential advantages and risks.
In line with this initiative, the federal cabinet has recently approved the draft for the “Living Labs Act”. This legislation is designed to provide a structured framework for these experimental projects.
Stay informed with Questiqa Europe News for further updates on how these changes might impact you and the broader economic landscape in Germany.
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