Press Releases
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All results for: Press Releases
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financial_markets European Sustainable Finance Summit
As the European Sustainable Finance Summit gets underway, German Finance Minister Olaf Scholz and Environment Minister Svenja Schulze are calling on European companies to invest more in sustainable economic activities. The first survey, published today, on applying the EU taxonomy shows that just 2% of companies’ activities by revenue meet the taxonomy’s level of ambition for climate action and …
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financial_markets Germany to issue Green German Federal Securities from 2020
The Federal Republic of Germany is publishing its first framework for Green German Federal Securities today. The aim of these securities is to make Germany’s “green” budget spending transparent while also strengthening the country’s position in the area of sustainable finance. As a benchmark issuer for the euro area, the German federal government will offer different maturities, establish a green …
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Coronavirus German government adopts more extensive Quick Loan Programme
In light of the challenges posed by the coronavirus crisis, the German government is launching an additional extensive programme to its protective shield for small and medium-sized businesses. Based on the modified Temporary Framework for state aid measures published on 3 April 2020 by the European Commission, the German government is now introducing a comprehensive Quick Loan Programme …
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Coronavirus Coronavirus: immediate federal economic assistance now available
Implementation of the federal scheme now ready in the German Länder
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Financial markets Large-scale federal assistance to protect businesses and jobs
German government activates the Economic Stabilisation Fund
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Public Finances German government adopts supplementary budget for 2020
German government adopts supplementary budget for 2020
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Coronavirus Additional KfW Special Programme 2020 for the economy to be launched today
Businesses will be provided with additional support and may submit applications as of now. KfW will assume up to 90 per cent of the risks and cut interest rates.
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Coronavirus German government announces €50 billion in emergency aid for small businesses
Finance Minister Olaf Scholz and Economic Affairs Minister Peter Altmaier today unveiled a comprehensive package of additional measures, including up to €50 billion for small businesses, self-employed individuals, and members of the liberal professions.
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Climate action German cabinet adopts legislation on phasing out coal
The German cabinet today adopted the Act on the Reduction and Termination of Coal-Fired Electricity Generation and Amending Further Acts (Gesetz zur Reduzierung und zur Beendigung der Kohleverstromung und zur Änderung weiterer Gesetze).
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Cabinet approves near-complete abolition of solidarity surcharge
On Wednesday, the federal cabinet approved draft legislation to reduce the solidarity surcharge. If the bill is passed, the surcharge will, starting in 2021, be completely eliminated for around 90% of those who currently pay it. For a further 6.5% of taxpayers, the surcharge will be reduced. As a result, 96.5% of today’s surcharge payers will be better off.