German economy registers highest growth rate in five years

German economy registers highest growth rate in five years

In 2016, the German economy once again confirmed its leading role in the euro area. According to figures published Tuesday, February 14 by the German Federal Institute of Statistics, gross domestic product (GDP) rose by 0.4% in the fourth quarter of 2016 on the other side of the Rhine, a little less than the first […]

Unemployment rate reaches 5.8% in Germany; lowest in 25 years

Unemployment rate reaches 5.8% in Germany; lowest in 25 years

The number of unemployed in Germany fell by a seasonally adjusted 13,000 from a month earlier to 2.54 million, a report from the Federal Employment Agency of Germany alerts. The newly released figure is the worst in 25 years, since the reunification of the country. The government agency had foretasted for a drop of 1,000 […]

Edeka ranks first in Federal Cartel Office lists of top supermarkets in Germany

Edeka ranks first in Federal Cartel Office lists of top supermarkets in Germany

According to a study by the Federal Cartel Office, Germany, a few companies control about 85 percent of the food trade market. These are the most powerful supermarkets according to the study. Place 1: Edeka Group Although Edeka’s sales are predominantly achieved by independent retailers and the group also includes net store discount stores, the […]

Germans prefer street shopping over online for Christmas gifts

Germans prefer street shopping over online for Christmas gifts

Online trading is booming in Germany, but when it comes to Christmas gifts, Germans rely street shopping, a survey shows. A good 70 per cent of the interviewees who participated in the survey said that the gifts were to be bought in a traditional way in specialist shops or department stores. Just less than one […]

German supermarket to accept old currency to evoke nostalgia

German supermarket to accept old currency to evoke nostalgia

Old currency forms infrequently get a second life and, in the event that they do, it’s more often than not because of political strengths. In Germany, a supermarket chain chose to play the nostalgia card, and will acknowledge the old Deutschmark this month. The move is a brief crusade in backing of the old German […]