Across the world, there are a wide variety of resources needed to successfully operate a business. Many people may be quick to name equipment, technology, wealth, and labor as key resources. However, a resource that is often overlooked is land. Land along with buildings located on the property make up real estate. The global real estate market holds great importance for businesses and people around the world involved in the buying and selling of property. This week the globalEDGE blog team will explore several aspects of the global real estate market including private real estate and green construction. This post will take a look inside the international housing market and the market characteristics of several different countries.
globalEDGE Blog - By Tag: Germany
The German Federal Statistical Office has recently released estimates stating that the nation’s economy grew by approximately 3 percent last year. While this is a very impressive figure in today’s uncertain global economy, official data shows that the growth came mostly in the first half of 2011. Alarmingly, the office estimates that the German economy actually contracted by approximately .25% in the fourth quarter of 2011. Stress from the European Sovereign Debt Crisis and a slowdown in the global economy are weighing heavily on the nation.
Germany and Vietnam recently expanded their economic ties by signing financial cooperation and partnership pacts. Last year bilateral trade exceeded 5 billion dollars between these two countries and Germany was Vietnam’s largest trade partner in the European Union. These countries are not only looking to increase trade, but also to create welcoming working conditions for businesses in each other's country. This partnership aims to benefit both parties in ways far beyond just trade.
Germany is one of the world leaders in renewable energy. They currently receive 17% of their energy from alternative sources and have vowed to increase these levels to 35% in 2020 and 80% by 2050. Deutsche Bahn, the country’s major railroad company and largest energy user has just released plans to be completely carbon-free by 2050.
Since the Euro was introduced by the European Central Bank in 1999, Germany has gained competitiveness against not only other developed countries around the globe, but also against all other members of the Eurozone. In this time, they have also managed to transform a slight budget deficit into a strong surplus. A lot of people are starting to wonder what caused this rapid transformation?
In a recent Forbes article, they highlighted the top 10 green companies in the world. These companies have all in some way contributed a global environmental management system by reducing emissions, adjusting their manufacturing process, becoming environmentally certified and doing the best to adjust their performance records into a more positive light.
With the recent concerns in Japan over nuclear power hazards, many around the world are questioning the use of nuclear energy. Some ask if the benefits outweigh the costs while others just question the precautions necessary when using nuclear energy. Of the questions asked, Germany has an answer. Don't use nuclear energy at all.
As much of the Eurozone has struggled to make ends meet during the recession, Germany has embraced global importing and exporting through a variety of thriving industries. The country’s 3.6% growth in GDP over the last year can be attributed to a variety of factors in a time when the rest of the Eurozone barely topped 1% growth. During this same time period, exports from Germany jumped by 21.7% including a 17% increase in sales to China.
There has been much debate about what the European Union should and should not do in order to solve its financial issues. Greece and Germany: Who should stay? Who should leave? Who should be expelled?
Traditionally free trade agreements and their kin are the principle agents of more competitive, efficient, and economically viable countries. However, people often look at the overall effect of FTA’s in their questioning for whether or not FTA’s should be implemented. The smaller country is usually considered the major benefactor after an FTA is implemented, but what happens when the opposite happens? There is an obvious, glaring example that is often overlooked, I myself just stumbled upon it a few days ago. Looking at Europe currently, you have the PIIGS, the countries that seem to be on the fast track to nowhere, and the rest of the Union. The idea behind the Union was that the economies could build on each other and raise the smaller less developed countries to the same standard as the U.K., France and Germany. Did this actually happen though?
It is no secret that going global has become more and more essential for successful businesses in this competitive world. Still, some smaller companies find it difficult to break into foreign markets and are struggling to know where to start. Luckily, the U.S. Commercial Service and the National Export Initiative provide several helpful tools for businesses looking to export. One of the most useful resources for businesses looking to expand internationally is international trade shows. These can provide businesses with trade leads, business connections and exposure to the latest trends and technologies.
Germany is Europe’s largest economy and the fourth largest in the world. Their success is mainly based on exporting. They are the second-largest exporting country in the world, beaten only by China.
Stores Magazine provides the Top 250 Global Retailers list made in 2010 using revenues from 2008. The combination of great marketing, good customer service, and the ability to reach multiple demographics, has shaped these companies into the successful international businesses they are today:
Christmas in Germany is coming early this year, in the form of jobs. Department stores require much more seasonal help around Christmas, and the result is a huge boost to the economy; In Germany, it means 2,500 Christmas markets generating 188,000 jobs, and revenue figures of around €3- €5 billion a year.
Each country has different ways of doing business. Sometimes it may be confusing for foreigners visiting the country for the first time. What follows is tips on doing business successfully in some of the most advanced countries in Europe:
If the norm at the moment is that countries don’t want to invest in other countries due to the economic downturn and volatile markets, then the exceptions are Qatar and Germany. Currently, the country of Qatar is looking to invest heavily into the exporting powerhouse, and they have the money to do it. As of 2007, Qatar has attained the highest per capita income in the world, primarily through the means of oil and natural gas revenues. So what interests Qatar so much about Germany?
Surprisingly enough, Qatar has its sights set on Germany’s auto industry. The oil giant is primarily concerned with the German brands Volkswagen and Porsche, brands which are very numerous and very popular in the Arab world, especially in the country looking to invest, which had an $80,900 GDP per capita in 2007.
A proposed 12-mile bridge across the Baltic Sea connecting Germany and Denmark, if approved, will be finished by 2018. The bridge will directly connect the two countries and replace the Scandlines ferries which operate on the route now.
There is a plethora of pros and cons to this proposal. The bridge will make travel not only easier between the two countries but also shorter. It will eliminate waiting at the dock and shorten the drive between Copenhagen and Hamburg. Consequently, business between the two countries will also be conducted more efficiently. Furthermore, an increase in tourists crossing the border between the two countries would likely result, and the tourism industry would stand to profit from this new option in travel.