The German parliament has approved a billion-euro “future fund” to help fledgling companies expand their business.

In an extended press conference after the government announced a four-week temporary lockdown, Peter Altmaier offered reassuring words about its negative economic impact.

In response to rising Covid-19 infection figures in Germany and across Europe, the federal German government and the sixteen regional German states have imposed a number of new restrictions, effective from November 2 until the end of the month.

The German government is projecting 4.4 percent growth for 2021, with the economy likely to return to pre-corona levels in early 2022.

The German government is readying a massive cash injection to help innovative young companies ride out economic difficulties.

Germany government ministries and a state bank have commenced a “Special Plan 2020” to save companies from bankruptcy because of the virus.

There is cautious optimism that biotechnology and pharmaceutic know-how from Germany can help produce a COVID-19 vaccine in the near future.

Researchers in Penzberg, Bavaria have developed the test for Swiss pharmaceutical company Roche that is being hailed as a “milestone” in the fight against the coronavirus.

The head of the leading German pharmaceutical industry organization says German firms are working top-speed to find coronavirus medications.

The country’s many centers of research excellence will now be centrally linked to speed efforts to combat the pandemic.