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BASF cuts 2,600 jobs but plans to distribute profits

BASF cuts 2,600 jobs but plans to distribute profits

May 10, 2026 • 06:20 PM

The chemical group BASF is cutting 2,600 jobs and closing roughly 10 percent of its production capacities at its main site in Ludwigshafen. The group is holding out the prospect of a stable dividend of 3.40 euros for shareholders for the crisis year 2022, notwithstanding the drop in profits, for a total of 3 billion euros. These are the key points of the forecast presented on Friday and the much-anticipated shape of the announced savings program for the European plants. The number of jobs to be...

Trainees in catering and hotel industry rising again

Trainees in catering and hotel industry rising again

May 10, 2026 • 06:20 PM

During the pandemic, tens of thousands of workers left the hospitality industry to find new jobs. Now there is at least a small turnaround on the Berlin training market. "The biggest increases were in the training occupation of specialist for restaurants and event catering," writes the Chamber of Industry and Commerce (IHK) in its 2022 training balance sheet. All in all, 7708 new company contracts were signed in IHK occupations last year, which was 13 percent more than in 2021. The...

Supermarket chains lower their coffee prices

Supermarket chains lower their coffee prices

May 10, 2026 • 06:20 PM

After butter prices, coffee prices in Germany are also sliding. The retail chains Aldi, Kaufland and Norma significantly reduced the prices of ground coffee and whole beans. Edeka, Rewe and Penny announced they would follow suit. The discounter Aldi announced on Friday that it had reduced the prices of its own brands Morena, Markus Kaffee, Amaroy and Tizio in its more than 4,000 stores "permanently by up to 20 percent" with immediate effect. The innovation applies to Aldi South and Aldi...

Austria's sixth place in Ukrainian investments a good example of how our business can cooperate after war

Austria's sixth place in Ukrainian investments a good example of how our business can cooperate after war

May 10, 2026 • 06:20 PM

Interview with Vitaly Kropachov, Ukrainian businessman and owner of the Ukrdoninvest group of companies, for the Austrian business magazine Trend Martina Bachler: I thank you for taking the time for this interview. The topic of our conversation is the post-war reconstruction of Ukraine. How does Ukrainian business feel today? Especially business that is not limited to one enterprise or one field of activity. Vitaliy Kropachov: Because of the war and the processes accompanying it, we clearly...

Meat production down sharply

Meat production down sharply

May 10, 2026 • 06:20 PM

Meat production in Germany fell sharply last year. Commercial slaughterhouses produced 7.0 million tons of meat, according to the Federal Statistical Office in Wiesbaden on Wednesday. That was a good eight percent or 0.6 million tons less than in 2021. Meat production in this country has thus declined every year since the record year of 2016 (8.3 million tons), "but never as much as in 2022," the statisticians said. Slaughterhouses slaughtered a total of 51.2 million pigs, cattle, sheep, goats...

Real wages fall at record pace due to high inflation

Real wages fall at record pace due to high inflation

May 10, 2026 • 06:20 PM

Real wages in Germany fell at a record pace last year due to the highest inflation since the Federal Republic came into existence. Gross monthly earnings of employees, including special payments, grew by 3.4 percent, the highest rate since the start of the time series in 2008, according to the Federal Statistical Office on Tuesday. However, consumer prices rose in parallel at 7.9 percent, more than twice as much. As a result, real wages fell by an average of 4.1 percent. This is the third...

What changes cryptocurrency price?

What changes cryptocurrency price?

May 10, 2026 • 06:20 PM

Crypto prices today demonstrate the bear trend. As you know, the cryptocurrency market lives through cycles - up and down price movements every day. It opens many earning opportunities for traders. In the long-term, the market lives through the bear and bull tendencies:

Inflation in the euro zone falls to 8.5 percent in January

Inflation in the euro zone falls to 8.5 percent in January

May 10, 2026 • 06:20 PM

Inflation in the euro zone has continued to fall. As the European statistics office Eurostat in Luxembourg announced on Wednesday after a first estimate, the inflation rate in January was 8.5 percent. In December, it had amounted to 9.2 percent. Core inflation, which excludes energy and food prices, which are prone to fluctuations, remained at 5.2 percent in January. This is the highest level since the introduction of the euro and shows that price increases are not only affecting energy and raw...

Online trade shrank for the first time in Germany

Online trade shrank for the first time in Germany

May 10, 2026 • 06:20 PM

The world of online retail has even been speculating about the return of Amazon founder Jeff Bezos in recent weeks. It would be hard to imagine a clearer sign of how much e-commerce is currently being shaken up. The reason: the stock market value of the mail order company halved within a year, while the number of redundancies shot up to 18,000. On the other hand, Amazon almost has to be grateful. The rapid ups and downs in online retailing can hardly be described more concisely. The boom as a...

Minimum tax brings even more money

Minimum tax brings even more money

May 10, 2026 • 06:20 PM

The global minimum tax increases tax revenue in the world by an estimated 220 billion dollars (204 billion euros). This figure was given by the OECD, the organization of industrialized countries, on Wednesday. By the end of 2021, more than 135 countries have agreed to revamp the global tax system. One element (experts call it "Pillar 2") is the global minimum tax of 15 percent. It applies to companies with sales of more than 750 million euros. Originally, the organization had estimated the...

Online shopping becomes a debt trap for many shoppers

Online shopping becomes a debt trap for many shoppers

May 10, 2026 • 06:20 PM

The trend toward online shopping, which has been boosted by the Corona pandemic, brings with it a negative side: many shoppers fall into debt in the process, particularly frequently women and younger people. 28 percent of the approximately 575,000 people who sought help from a debt counseling center in 2021 had outstanding bills with online and mail-order companies. This was reported by the Federal Statistical Office on Thursday. According to the report, the proportion has risen by three...

Pig farming: fewer than 600,000 animals in Brandenburg

Pig farming: fewer than 600,000 animals in Brandenburg

May 10, 2026 • 06:20 PM

The number of pigs kept in Brandenburg - as well as nationwide - has fallen to a low. According to preliminary results, the Berlin-Brandenburg Statistics Office announced on Monday that fewer than 600,000 pigs were kept in 2022 for the first time since 1990. The number of pig farmers is declining throughout Germany. Cost increases for energy, feed and fertilizer are putting a strain on farms, and demand for pork has also been falling for years. In addition, according to the Farmers'...

German PKV Insurance

German Private Health Insurance

Health Insurance in Germany is compulsory and sometimes complicated, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Cost comparison tool.

Hospitals

Hospital and Clinic Directory

Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.

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Echtzeitalter

Join us for the premiere of Echtzeitalter, a captivating theater production based on the novel by Tonio Schachinger. The story follows Till, a new student at a prestigious gymnasium, who grapples with the outdated teaching methods of his strict teacher, Dolinar. As Till navigates his elite...

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