31 results, sorted by
All results for: Press Releases
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Financial markets German government adopts blockchain strategy
The federal cabinet today adopted a comprehensive blockchain strategy developed by the Federal Ministry for Economic Affairs and Energy (BMWi) and the Federal Ministry of Finance (BMF) in consultation with other ministries.
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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 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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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 …
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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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financial_markets Sustainable Finance Committee takes up work
The German government created a Sustainable Finance Committee on 6 June 2019. The Committee’s purpose is to advise the German government as it drafts and implements a sustainable finance strategy, as well as to pool existing expertise and foster dialogue between the relevant players.
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Ministry KfW acquires temporary stake in German TSO 50Hertz on behalf of the Federation
Acting on behalf of the Federal Government, Germany's development bank, the Kreditanstalt für Wiederaufbau, has acquired a temporary stake in transmission system operator 50Hertz. The company supplies electricity to some 18 million people in Germany and is a key player in putting the country's energy transition into practice.
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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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New reporting obligation will create greater fairness in taxation
The federal cabinet today approved the draft Act Introducing a Reporting Obligation for Cross-Border Tax Arrangements.
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Public finances Provisional closure of the 2018 federal budget – well-managed budgets and record investments
On 15 January 2019, the Federal Ministry of Finance presented the provisional closure of the 2018 federal budget. It showed that budgets have been well-managed while investments reached record levels. The provisional data shows that the Federation achieved a structural surplus of roughly 0.15% of gross domestic product (GDP) in 2018, thus meeting the requirements of Germany’s constitutional …