Germany Remains Top International Business Expansion Location
Despite negative headlines and transnational economic challenges, a lot went right for the German business sector in 2023.
Your company is already operating in Germany and you would now like to export worldwide?
Despite negative headlines and transnational economic challenges, a lot went right for the German business sector in 2023.
Taiwanese semiconductor manufacturer TSMC plans to construct a massive new production facility in the eastern German city of Dresden.
Despite recent dips in financing, more and more young technology companies are being founded in Europe’s largest economy. The recovery is being driven in part by the intense interest in artificial intelligence applications.
The United States and post-Brexit Britain drove an unprecedented level of FDI in Germany in the past year. Even without a huge investment by chipmaker Intel, the value of business expansions was up considerably.
The American Chamber of Commerce in Germany’s annual survey of the top 50 US companies in Europe’s largest economy finds trans-Atlantic business back on track after pandemic disruptions. But other challenges remain.
According to statistics annually compiled by Germany Trade & Invest (GTAI), the number of FDI projects bounced back significantly last year, nearly reaching pre-corona levels.
Germany attracted more than 2000 foreign business investment projects last year