Following a recent investment summit convened by Chancellor Friedrich Merz (CDU) on Monday, the German Chamber of Industry and Commerce (DIHK) has urged for broader economic reforms.
DIHK President Helena Melnikov, in statements to the Funke-Mediengruppe newspapers, emphasized the critical role of small and medium-sized enterprises (SMEs) within the German economy. “Ninety-nine percent of our businesses are SMEs and they drive the German economy. Framework conditions must improve for everyone, not just a few large corporations” Melnikov stated.
The DIHK’s call for reform is rooted in the understanding that investment thrives where there is economic freedom, planning certainty and reliable economic policy. Melnikov stressed that government policy will be judged on its ability to deliver these conditions.
The comments follow a meeting between Chancellor Merz and corporate leaders focused on the “Made for Germany” investment initiative. Private investment is viewed as crucial for securing economic growth, but it necessitates improved national infrastructure and conditions. Melnikov highlighted that investment can only return to a path of growth when it demonstrably proves profitable. While acknowledging the value of the Chancellor engaging with business leaders, she underscored the vital need for concrete actions to follow.
According to the DIHK, businesses are currently seeking reliability and predictability. This includes reducing bureaucracy, accelerating planning and permitting processes and alleviating the burden of energy and labor costs. While improvements to depreciation conditions are a welcome initial step, the Chamber notes that they are insufficient to drive a fundamental shift.