Browsing Tag
Billion
194 posts
Minister Warken Demands €16 Billion Savings for German Health Insurance System
Federal Health Minister Nina Warken (CDU) stated to the “Rheinische Post” that the coalition’s cabinet decision represents a…
Germany’s Nursing Care Gap Skyrockets Exceeding Seven Point Five Billion Euros
The deficit in the statutory long-term care insurance program is anticipated to be significantly larger next year than…
EU Pumps Five Billion Euros Into Industrial Decarbonization Effort
The European Commission has approved a German aid scheme valued at five billion euros, designed to support industrial…
Chernobyl Reactor Shield Repair Estimated to Cost Half a Billion Euros
According to the European Bank for Reconstruction and Development (EBRD), the repair of the protective casing above the…
EU Court Cancels Billion Dollar Lifeline For Lufthansa Airline
The European Court of Justice (ECJ) confirmed the annulment of a previous decision issued by the EU Commission,…
German Trades Slash Revenue Despite €762 Billion Industry Output
The German craft sector generated a total revenue of 762 billion euros in 2024, according to the Federal…
Linnemann Backs Billion Dollar Tax Cut Plan Open to Wealth Tax Hike
Carsten Linnemann, the CDU’s general secretary, welcomed a proposal for income tax reform put forward by two Union…
German Municipalities Demand 32 Billion Euro Emergency Aid From Federal Government
More than 50 local officials from various German cities and districts have issued an urgent appeal to the…
Wadephul Pushes Swift 90 Billion Aid Package for Ukraine
Foreign Minister Johann Wadephul (CDU) urgently advocates for the prompt disbursement of the 90-billion-euro loan package for Ukraine.…
Three Quarters Oppose Higher Co-Payments As Health Insurance Faces Billion Dollar Deficit
The statutory health insurance system faces a looming deficit of billions of euros, prompting the federal government to…
Deutsche Bahn Pledges 20 Billion Euros for Station Overhauls by 2030
By 2030, Deutsche Bahn plans to dedicate four billion euros annually to renovating older train stations. According to…
Minister Proposes 35 Billion Euro Annual Cost Hike for Civil Servants
To implement the federal constitutional court’s requirements for adequate pay for civil servants, the Federal Minister of the…
Top Judge Slams 500 Billion Euro Fund For Constitutional Flaws
The former President of the Federal Constitutional Court, Hans-Jürgen Papier, considers both the establishment law for the 500…
Public Debt Jumps to 2661 Billion Euros Signaling Fiscal Concerns
As of the end of the fourth quarter of 2025, the public total budget was indebted for 2,661.5…
Billion Euro Spent on Nonfunctional German Military Radio System
Despite being technically unusable, approximately two billion euros have already been spent on the German Armed Forces’ stalled…
Finance Minister Plans Billion Euro Relief For States And Municipalities
Federal Finance Minister Lars Klingbeil (SPD) is planning a new multi-billion Euro support package for states and local…
German Health Spending Rises to €538.2 Billion in 2024
German health spending reached €538.2 billion in 2024, the Federal Statistical Office (Destatis) announced on Thursday. That equals €6,444…
Record German Municipal Deficit Hits 31.9 Billion Euros in 2025
In 2025, core and extra‑household finances of German municipalities and municipal associations posted a financing deficit of €31.9 billion,…
German Couples Save 25 Billion Euros Annually With Ehegattensplitting
The Institute of German Economy (IW) estimates that the tax savings couples receive from the Ehegattensplitting – and…
Former German Audit Chief Calls Govt a Shift Station Over 500 Billion Euro Climate Infrastructure Fund
Kay Scheller, the outgoing president of Germany’s Federal Court of Auditors, has criticised the federal government for its handling…
German Energy Imports Could Cost an Extra €20 Billion as Iran War Drives Oil and Gas Prices Up
The increase of oil and gas prices caused by the Iran war is expected to add a double‑digit‑billions‑euro…
Germany’s R&D Spending Climbs 3.8% to 137.1 Billion Euros in 2024
Germany’s research and development budget rose by 3.8 % in 2024, reaching €137.1 billion. According to the Federal Statistical Office (Destatis),…
Germany’s University Budgets Reach 79.2 Billion Euros, Up 5% in 2024
In 2024 German public, church‑affiliated, and private universities and universities of applied sciences together spent €79.2 billion on teaching,…
Russia Gains 250 Billion Dollars From Iran War Boosting Putin War Chest
Russia could expect significant extra revenue from its commodity trade because of the Iran war. An economic impact…
Kallas Urges EU Leaders Show Political Courage to Unlock €90 Billion Ukraine Loan
At the EU summit in Brussels, foreign‑policy chief Kaja Kallas urged the heads of state and government to display…
Greens Slam Misuse of 500 Billion Euro Special Fund for Infrastructure and Climate
The Green parliamentary group has issued a sharp criticism of how the €500 billion special fund’s investment money has…
German Rail Network Repair Backlog Hits 136.5 Billion Euros
The need for repair and renewal across the German railway network continues to expand. According to “Tagesspiegel Background”…
Harald Christ Forecasts Full 10 Percent Investment Quota Met for 500 Billion Special Fund
The chairman of the Investment and Innovation Council of the German Finance Ministry, Harald Christ, believes that the federal…
Germany Egg Production Grows 0.5% to 13.7 Billion in 2025
In 2025 German egg‑producing businesses with at least 3 000 hen houses manufactured about 13.7 billion eggs, a 0.5 % rise…
Selenskyj Demands EU Plan B as Hungary Blocks 90 Billion Euro Credit
Ukrainian President Volodymyr Zelenski demanded an alternative after Hungary blocked the 90‑billion‑euro loan it had pledged to Ukraine. “We…
German Solar and Gas Power Hit Record 438.2 Billion kWh in 2025, Up 1.4% From 2024
In 2025 Germany generated 438.2 billion kilowatt-hours (kWh) of electricity that was fed into the grid. According to provisional…
German State Deficit Rises Further While Ratio Holds at Two Point Seven Percent 2025 Shortfall Hits One Hundred Nineteen Point One Billion Euros
In 2025 the state’s financing deficit reached €119.1 billion, according to preliminary figures from the Federal Statistical Office (Destatis).…
Germany Faces Over 640 Billion Euro Cost From CO2 Emissions Each Year 2024 Greenhouse Gas Release Exceeds 640 Billion Euro In Damage
Germany’s greenhouse‑gas emissions released in 2024 are estimated to cause more than €640 billion in damage, according to new…
SPD Approves 4.3 Billion Euro Loitering Drone Deal With Stark Amid Peter Thiel Investor Concerns
The concerns about buying “loitering munitions” from the Berlin defense start‑up Stark, in which ultra‑right US investor Peter Thiel…
China Reigns as Germany’s Top Trade Partner with €251.8 Billion Trade Volume in 2025
Germany’s foreign‑trade turnover with China reached €251.8 billion in 2025, making China the country’s top trading partner for the…
Germany Allocates Nearly One Billion Euros for Flood and Coastal Protection by 2040
Germany’s federal government will make almost a billion euros available to the states for flood and coastal protection…
JU Leader Johannes Winkel Announces Plan to Cut Pension Expenditures by Over 50 Billion Euros
Johannes Winkel, chairman of the Junge Union (JU) and a member of the CDU, says that a broad pension…
German Citizen Benefit Spending Jumps to 57.1 Billion Euros in 2024
In 2024, total payments from the federal government, states and municipalities toward the Bürgergeld rose to €57.1 billion, according…
German Sugary Drinks Production Holds Steady at 7.7 Billion Liters in 2024
In 2024 Germany manufactured 7.7 billion liters of sugary cola, sodas and other sweetened beverages, which equates to about…
Germany’s Warken Announces Billion Dollar Health Reform Ahead of Summer
Bundesgesundheitsministerin Nina Warken (CDU) announced comprehensive reforms aimed at stabilising Germany’s statutory health insurance system amid billions‑worth deficits.…
Carnival Forecasts €2 Billion Revenue Boost for Economy
The economy can expect a revenue level during this carnival season comparable to that of the previous year.…
DIW Study Finds Progressive Wealth Tax Could Raise Up to €150 Billion Per Year
Party Die Linke has proposed a progressive wealth tax that could raise substantial new revenue. According to a study…
German Federal Government Grants €14.5 Billion in Export Credit and Investment Guarantees for 2025 International Trade and Investment Deals
In 2025 the German federal government provided export‑credit and investment guarantees that covered €14.5 billion of export transactions and…
Audit Office Blames Waste In Doctor Appointment Arrangements As Waiting Times Remain Unchanged Despite 2.9 Billion Euro Spend
Despite the German federal audit office reporting additional spending of €2.9 billion, it finds no reduction in waiting times…
EU Commission OKs 3 Billion Euro German Aid to Boost Clean Tech Production
The European Commission has approved a German aid scheme worth €3 billion to boost manufacturing capacity for clean technologies.…
WHO Launches $1 Billion Global Appeal to Provide Health Care for Millions in Humanitarian Crises
The World Health Organization has launched a global appeal to guarantee millions of people in humanitarian crises and…
German Beer Sales Drop 6% to Record Low of 7.8 Billion Liters in 2025
In 2025 sales of beer by German breweries and storage facilities fell by 6.0 percent, or 497.1 million liters, to…
Bosch Faces Steep Profit Drop Operating Earnings Halve to 1.7 Billion Euros
In 2025, automotive supplier Bosch reported a sharp drop in its operating profit. The company announced on Friday…
Germany Taxes 66.4 Billion Cigarettes in 2025 Up 0.1 Billion Over 2024
In 2025 German authorities collected taxes on 66.4 billion cigarettes, a rise of about 0.1 billion items-roughly 0.2 percent-over the 2024…
Public Debt Climbs 2.1 Percent in Q3 2025 by 54.8 Billion Euros
The debt of social insurance fell according to Destatis in the third quarter of 2025 compared with the…
Electric Car Subsidies Bill to Reach 39 Billion
A Political and Financial Tightrope Walk A new analysis by consultancy firm EY reveals the ambitious German push…
Germany Approves 50 Billion Euro Military Spending
The German Bundestag’s budget committee has authorized procurement contracts valued at nearly €50 billion for the Bundeswehr (German…
Jobless Debt Swells to 6.5 Billion
A widening chasm of unpaid benefits and escalating arrears has emerged within Germany’s social welfare system, with job…
Health Insurers Demand 50 Billion Euro Savings
Germany’s statutory health insurance providers are demanding a sweeping €50 billion austerity package to avert a projected surge…
Germany Bolsters Care Insurance with 17 Billion Loan
The German government is propping up the social care insurance system with a substantial €1.7 billion loan, according…
Germany Launches 1 Billion Euro Resource Fund
Germany is launching a new Raw Materials Fund, spearheaded by Economics Minister Katarina Reiche (CDU), in a move…
Industry Power Price Tag Could Hit 45 Billion
Berlin is edging closer to implementing a controversial industry electricity price, a move intended to shield energy-intensive businesses…
Healthcare Cuts Target Two Billion
Health Minister Nina Warken of the Christian Democratic Union (CDU) is proposing significant cost-cutting measures totaling two billion…
Left Party Proposes 20 Billion Euro Auto Rescue Fund
The German Left party is escalating the debate surrounding the future of the nation’s automotive industry, demanding a…
Trump Sues New York Times for 15 Billion
Donald Trump has announced a defamation and libel lawsuit against The New York Times, seeking damages totaling $15…
Wage Theft Costs Social Security 41 Billion Euros
A new calculation by the German Confederation of Trade Unions (DGB) reveals a significant annual economic impact stemming…
Federal Aid Set To Surge To 78 Billion Euros
Federal support for specific industries and businesses is projected to rise significantly, reaching approximately €77.8 billion by 2026,…
Germany Pledges One Billion Euros to Revamp Sports Facilities
Germany’s governing coalition is planning to provide one billion euros in funding to municipalities for the renovation of…
EU Sends Ukraine 10 Billion Euros From Frozen Russian Assets
The European Union has transferred 10.1 billion euros to Ukraine in the first half of this year, derived…
Sick Pay Costs German Firms Over 82 Billion Euros
German employers shouldered approximately 82 billion euros in costs related to employee sick leave in 2024, a figure…
German Welfare Costs Surge Past 20 Billion Euros
Germany’s social welfare expenditure reached 20.2 billion euros net in 2024, a 14.8 percent increase compared to the…
Amthor Targets 16 Billion Euro Bureaucracy Cut
Philipp Amthor, State Secretary in Germany’s newly formed Digital Ministry, has announced ambitious plans to significantly reduce bureaucratic…
Germany Boosts Single Parent Support With €32 Billion Payment
Germany saw a substantial increase in financial support provided to single parents last year, with approximately €3.2 billion…
Gas Bill Relief Germany Sees 34 Billion Euro Cut
The German federal government is planning a relief package of approximately €3.4 billion for natural gas customers by…
German Beer Sales Dip Below 4 Billion Liters
Germany’s beer consumption has significantly declined in the first half of 2025, marking the lowest level recorded since…
Tech Ministry Gets Massive 6.5 Billion Euro Boost
A newly established Federal Ministry for Digitalization and Modernization (BMDS) is projected to operate with a substantial budget…
Budget Gap Soars Beyond 150 Billion
Significant challenges are emerging for Germany’s finance ministry as it finalizes its budgetary planning. According to sources within…
Tax Scandal Bill Tops 7 Billion
The process of addressing the “Cum-Cum” tax fraud scandal is progressing slowly, according to recently released figures. A…
Nursing Insurance Faces 12 Billion Euro Shortfall
A report by Germany’s Federal Audit Court (BRH) has flagged a significant funding shortfall within the Social Care…
Care Insurance Faces 12 Billion Euro Shortfall
A report released by the German Federal Audit Court (BRH) has flagged a significant financial shortfall looming for…
Germany Ticket Price Hits 3.8 Billion
German states anticipate approximately €3.8 billion in costs for the Deutschlandticket program in the coming year, according to…
Klingbeil Presents 100 Billion Euro Plan for State Investments
Starting in 2026, German federal states will be required to provide the federal government with annual reports detailing…
Germany Approves 100 Billion Euro State Investment Plan
The German federal cabinet approved draft legislation on Wednesday concerning the financing of infrastructure investments for states and…
Germany’s €5.31 Billion Climate Fund Delay: A Blow to EU’s Green Ambitions?
Germany to Miss EU Deadline for National Climate Plan Submission The German government is likely to miss the…
Söder’s $10 Billion Plan to Outgun the East
German Defense Minister’s Proposal for Military Upgrade Met with Criticism and Support In a recent interview, Christian Social…
€1.5 Billion Deal Sets Stage for European Media Supremacy
RTL Group Announces Binding Agreement to Acquire Sky Deutschland The RTL Group, a leading European media and entertainment…
States Demand Swift Action on 2.5 Billion Euro Pact
German Education Ministers Urge Speed in Digital Pact Talks The education ministers of Germany’s federal states have called…
Amazon’s $1 Billion War on Counterfeiters
Amazon’s Counterfeit Crimes Unit Reveals Five-Year Progress in Combating Fake Goods Amazon’s Counterfeit Crimes Unit (CCU) has reported…
Germany’s Public Transport Bill Soars to 1.4 Billion Euros by 2040
A German government pledge to strengthen the public transportation network is expected to cost the state a three-digit…
BUDGET BOMBSHELL: Greens Uncover €150 Billion Black Hole in German Government’s Financial Plan!
The German Greens have highlighted a significant gap of 150 billion euros in the federal budget, despite the…
Berlin’s 5 Billion Euro Boost to Arrive in 2028!
According to reports from the German publication Welt and Business Insider, the federal government has outlined a plan…
8 BILLION EUROS IN AID FOR MUNICIPALITIES
A significant breakthrough in the federal-state fiscal cooperation has been achieved, as the German federal government has agreed…
€144 Billion Gap Revealed for 2027-2029
A significant budget gap of 144 billion euros is expected to persist from 2027 to 2029, according to…
850 Billion Euro Explosion in the Making?
Germany’s Government Plans to Increase Debt by Approximately 850 Billion Euros by the End of the Current Legislative…
Communes Want Lion’s Share of 100 Billion Euro Fund
German Municipalities Urge Fair Share of Infrastructure Funds The German municipalities are pressing for a fair share of…
US Tariffs: German Automakers Pay Half a Billion Euros in April
A deal on US tariffs likely, says German auto industry head The head of the German Association of…
€8 Billion Investment Needed to Quench the Thirst of a Drying Nation!
Germany’s Municipal Association Warns of Regional Water Scarcity Amid Rising Heat and Drought As Germany faces an increasing…
Red Cross Demands €18 Billion for Climate and Digital Resilience
A German Red Cross President Calls for Investment in Social Infrastructure The President of the German Red Cross,…
A Billion Euros on the Table
The German federal government is expected to allocate over one billion euros for integration courses in the current…
A $60 Billion Warning
Germany Lags Behind in Building Data Centers, Study Warns A recent study by the consulting firm Deloitte has…
Merkel’s Successor Demands Rethink on Germany’s €130 Billion Investment Package
German Chancellor’s Investment Package Faces Complications Saxony’s Prime Minister, Michael Kretschmer of the Christian Democratic Union (CDU), has…
75 Billion Euros or the Whole System Crashes
A push for a greater share of the infrastructure special fund is being made by local authorities, who…
Biontech to Take Over Curevac in $5.5 Billion Deal
Biontech Acquires Curevac in a Move to Strengthen mRNA-Based Cancer Immunotherapy Research and Development In a bid to…
States May Hijack 100 Billion Euro Infrastructure Loan
A German Government’s Plan to Allocate 100 Billion Euros for Infrastructure Raises Concerns of Misuse The German Federal…
Countries Blast Off for 2 Billion Euros in Space Funding
German States Urge Strengthening of European Space Policy The governments of Bavaria, Baden-Württemberg and Bremen have jointly called…