Germany's government debt, including the financial obligations of the federal government, national governments and municipal bodies, was at the end of the first quarter of this year 2.042 billion euro - said on Monday the Federal Statistical Office (Destatis) in Wiesbaden
According to him it is about 42.3 billion euro or 2.1 percent more than a year earlier.
Debts of the federal government and its external budgets (including funds to stabilize financial markets and the funding of depreciation) increased during this period of 12.5 billion euro to 1 286.2 billion - an increase of 1 percent. Financial obligations of the Länder, also taking into account their external budgets, amounted at the end of the first quarter of this year 622.7 billion – about 23.8 billion (4 percent) more than on 31st March 2011.
The debt of cities and municipalities with their external budgets in reported period increased of 6 billion euro to 133.1 billion - an increase of 4.7 percent. The share of loans casual which provide liquidity municipal entities in their total liabilities rose again, this time by 2.1 percentage points to 35.9 percent. - Destatis reported.
How to Enter a New Market and Avoid Getting Stuck at the “Online-Only” Stage: The Case of Krayna’s Expansion into Spain
Entering a foreign market is rarely just about having a strong product. More often, success depends on a combination of the right decisions, partnerships, timing, and the ability to seize opportunities when they arise. This was exactly the path taken by Krayna, a Polish producer of vegan cosmetics, which successfully established its presence in the Spanish market.
czytaj więcejThe “Port Polska” investment programme marks a major step forward in strengthening Poland’s economic resilience and industrial potential. The initiative focuses on supporting the development of domestic companies, ensuring security of supply, and creating local jobs, all while increasing the share of Polish involvement in large-scale infrastructure projects.
czytaj więcejDuring the Investor Gala organized by the Polish Investment and Trade Agency (PAIH), the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) announced its decision to establish a Technology Park in Poland.
czytaj więcejThe Polish cosmetics industry is increasing its presence on the Italian market, highlighting the growing export potential of Polish beauty products. A significant share of Polish cosmetics exports goes to European Union markets, reflecting strong integration with the European cosmetics sector.
czytaj więcejTen Polish food producers participated in a business mission to Denmark organized by the Polish Investment and Trade Agency (PAIH). During the event, the companies held as many as 150 business meetings in a single day, creating concrete opportunities for export contracts with Danish partners.
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