• Germany edition
 
Germany top destination for foreign investment
Photo: DPA

Germany top destination for foreign investment

Published: 19 Jan 2013 09:57 GMT+01:00
Updated: 19 Jan 2013 09:57 GMT+01:00

Düsseldorf was the most popular destination for foreign investors in Germany, followed by Berlin and Frankfurt.

Düsseldorf was ranked 13th worldwide on the list of top cities attracting foreign investments with a 256 percent increase, supported by large investments from international telecommunications firms like Vodafone, Ericsson and the Chinese company ZTE.

The data, which compared 2011 levels to 2010, showed a 77 percent increase in foreign investment in Germany resulting from 600 projects that created 26,000 new jobs.

Germany bucked the worldwide trend, where the economic and financial crises made investors much less likely to fund overseas projects. Worldwide foreign investment dropped eight percent in 2011 over the previous year.

Developing countries were hardest hit by the decline, with foreign investment down 21 percent in India, three percent in Brazil, 13 percent in Russia and 15 percent in China. Uncertain economic conditions were behind the decline, the study said.

Germany was able to profit from a trend for foreigners to fund smaller rather than large projects, especially in the consumer sector. Mature markets in which consumers have a strong buying power, as in Germany, were the winners. Foreign investment in the retail and wholesale sector rose by 400 percent, compared to an international increase of 61 percent, the study said.

The Local/mw

The Local (news@thelocal.de)

Don't miss...X
Left Right

Your comments about this article

14:46 January 19, 2013 by chicagolive
Hell everything will get finished and with the massive cost overruns on almost every project started nowadays I would invest too.
12:55 January 23, 2013 by Brint
I'm surprised that the fact that Great Britain has now surpassed France in becoming Germany's biggest global trading partner, hasn't apparently been deemed even worth a mention in any of the online German publications I've looked at over the last couple of days.
Today's headlines
Man sets himself on fire at Israeli embassy
The Israeli Embassy in Berlin. Photo: DPA

Man sets himself on fire at Israeli embassy

UPDATE: A man set himself on fire outside the Israeli embassy in Berlin on Monday night. Police said it was too soon to say whether it was part of a political protest. READ  

View from Germany
'Only losers in economic war with Russia'
Volkswagen is the German company with the biggest turnover Russia. Photo: DPA

'Only losers in economic war with Russia'

German businesses are lobbying hard against imposing tougher sanctions on Russia after the downing of Malaysia Airlines flight MH17, warning further sanctions would hurt the country's exports and threaten German jobs. READ  

Thousands of litres of beer close motorway
Photo: NRW-aktuell.tv/YouTube screenshot

Thousands of litres of beer close motorway

Thousands of litres of beer were spilled on a motorway near Duisburg in western Germany on Monday night, when a truck carrying several hundred crates of Bitburger toppled over, shutting the Autobahn. READ  

Court allows patients to grow their own cannabis
Photo: DPA

Court allows patients to grow their own cannabis

Seriously ill patients will be allowed to grow their own cannabis at home for medicinal purposes, a German court ruled on Tuesday. READ  

Seven German family members killed in Gaza
An Israeli strike on Gaza City on Monday. Photo: DPA

Seven German family members killed in Gaza

UPDATE: A German family living in Gaza City were killed in an Israeli air strike on Monday evening, according to reports. READ  

Workers in Germany pay record tax sum
Photo: DPA

Workers in Germany pay record tax sum

Workers in Germany are paying a record amount of tax into government coffers, according to figures published on Monday. Those on an average wage of €40,000 pay almost twice as much tax in Germany as they would in the United States or Australia. READ  

Netflix to launch in Germany in September
Laverne Cox, star of Netflix series Orange is the New Black. Photo: EPA/PETER FOLEY

Netflix to launch in Germany in September

Netflix revealed plans on Monday to launch in Germany in September this year, bringing the popular movie and TV streaming service to one of the world’s biggest markets. READ  

Steinmeier: We'll raise pressure on Russia
An armed separatist walks past the bodybags of victims of the MH17 crash. Photo: EPA/IGOR KOVALENKO

Steinmeier: We'll raise pressure on Russia

Germany's foreign minister said Monday the EU will "raise the pressure" on Russia over the Ukraine crisis following the downing of Malaysian flight MH17 with a suspected missile. READ  

No foreigner road toll for German borders?
Bavaria's Interior Minister Joachim Herrmann (l) and Bavarian state premier Horst Seehofer are fighting over the "foreigner toll". Photo: DPA

No foreigner road toll for German borders?

Bavaria’s interior minister has called for German border regions to be exempt from a controversial project to charge foreigners to use the country’s roads, sparking a row within his own party. READ  

German Jews condemn 'explosion of hate'
Pro-Palestine demonstration in Berlin on July 12th. Photo:DPA

German Jews condemn 'explosion of hate'

The American Jewish Committee in Berlin has filed a complaint with the city's police about anti-Semitic slogans being chanted at pro-Palestine rallies, while Germany's Jewish community on Monday condemned an "explosion of evil and violent hatred of Jews". READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Photo: DPA
Business & Money
Jobtalk: How innovative is Germany?
Photo: DPA
Gallery
German Bucket List: How many of these can you tick off?
Photo: DPA
Gallery
Joachim Löw: A career in pictures
Photo: Submitted
Society
Is this expat cat the world's oldest?
Photo: DPA
Gallery
Germany's week in pictures: July 12th - July 18th
Photo: DPA
National
Heatwave to bring highs of 36C to Germany
Photo: DPA
Analysis & Opinion
Should Germany follow France and ban the burqa?
Photo: DPA
Business & Money
Which workers is Germany short of?
Photo: DPA
Gallery
Ten best expat jobs in Germany: Which one would you choose?
Photo: Europeana.de 1914 - 1918
Gallery
A German soldier's life behind WWI lines
Photo: Shutterstock
Features
Some of the most embarrassing mistakes you can make in German
Education
Raising the bar for law & business in Germany
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
Photo: DPA
Features
The Local List Archive - Your guide to all things German
National
Share news tips with The Local Germany
Sponsored Article
CurrencyFair: Why it pays when making overseas transfers
Sponsored Article
Bilingual school turning education on its head
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,227
jobs available
Toytown Germany
Germany's English-speaking crowd