• Germany's news in English
 
app_header_v3

Germany is Europe's top place to invest

The Local · 28 May 2014, 08:15

Published: 28 May 2014 08:15 GMT+02:00

A global survey of investors and managers from Ernst & Young placed Germany as the best place in Europe and fourth best place in the world to invest behind China, the USA and Russia.

Managers worldwide said Germany, which had climbed two places in the rankings since last year, was particularly attractive due to its stable and transparent political and legal environment.

Other important pluses included the country's solid infrastructure and well-qualified workforce, according to the study carried out by the London-based professional services firm.

Four German cities were in the top ten European cities to invest in with Berlin third - behind London and Paris - Frankfurt am Main fourth, Munich fifth and Hamburg ninth.

Eighteen percent of the managers asked said Germany would be in their top three places to invest - up from 10 percent in 2010. And it would seem the nation's perceived popularity is also translating into real investment.

The number of foreign investment projects in Germany rose last year by 12 percent to reach a record number of 701 - up from 305 projects in 2007, the year before the financial crisis hit.

American investors were more likely to take their money to the UK (seventh in the global ranking) the results suggested, whereas investors from the rest of the world preferred Germany if heading for western Europe.

Despite the Eurocrisis, 49 percent of those asked said they believed Germany would continue to increase in attractiveness, as opposed to 13 percent who said the opposite.

"Germany is clearly the most robust and competitive of the large economies in Europe and has an excellent reputation among foreign businesses," said EY partner Peter Englisch. 

Meanwhile, four German cities made it into the a separate survey of the "hottest retail markets" also released on Tuesday by US real estate multinational CBRE, with the trendy German capital beating London and Moscow (joint seventh place) to place fifth.

SEE ALSO: Foreigners set up 40pc of new German firms

For more news from Germany, join us on Facebook and Twitter.

The Local (news@thelocal.de)

Your comments about this article

Today's headlines
Trabi totalled on Autobahn after skidding on snail slime
Photo: Paderborn police

A vintage East German "Trabi" car has come unstuck after its driver hit a snail trail on the Autobahn.

Munich 'to spend extra €2.2m' on Oktoberfest security
Oktoberfest in Munich, 2014. Photo: DPA.

After terror attacks in Paris, Brussels and most recently Istanbul, Munich could spend nearly €3 million more on security and other measures - but terrorism isn't the only concern: the biggest fear is overcrowding.

The Local List
Six ways to make this Munich summer one to remember
The Kocherlball in the English Garden. Photo: DPA

At a loss for what to do with the warm months in Munich this year? These six attractions have to go on your summer bucket list.

Brexit vote
Germans rally on Twitter to show love for UK
Photo: DPA

Twitter was swamped with tributes after Germany's largest liberal newspaper asked readers to show some love for Britain despite its vote to leave the EU.

German kidnaps Swiss child, raising online gaming fears
File photo: Rachel Johnson / Flickr Creative Commons.

A 12-year-old Swiss boy was allegedly abused by a German man he first met online.

'Hero' refugee hands in €150,000 he found in wardrobe
Muhannad and the secondhand wardrobe. Photo: Minden Police.

A refugee from Syria found a huge stash of money in a secondhand wardrobe he bought. But keeping it for himself would have been a betrayal of his religion, he said.

Istanbul airport bombing
Flights from Berlin to Istanbul cancelled after terror attack
Turkish police block the road after an suicide bomb attack at Atatürk Airport in Istanbul. Photo: EPA.

All flights from Berlin's Tegel airport to Istanbul have been cancelled after a suicide bomb attack killed at least 36 people in the city's major airport.

German extremist groups 'getting bigger, more brutal'
A violent demo in Frankfurt in 2015. Photo: DPA

Political extremism rose sharply in Germany last year - among far-right but also far-left and Islamist radical groups - the domestic intelligence agency said Tuesday.

Berlin puts spies on tighter leash after NSA scandal
An installation of the BND in Bavaria. Photo: DPA

Germany on Tuesday approved new measures to rein in the activities of its foreign intelligence agency after a scandal over improper collusion with the US National Security Agency.

Brexit vote
There's no way back for Britain, says 'sad' Merkel
Angela Merkel (r) and David Cameron in Brussels. Photo: DPA

Chancellor Angela Merkel said at the EU summit in Brussels late on Tuesday that she didn't see any way that the British decision to leave the EU could be reversed.

Sponsored Article
Avoid hidden fees when sending money overseas
National
How to get German citizenship (or just stay forever)
Sponsored Article
Why you should attend an international job fair
Technology
Brexit will turn Berlin into 'Europe’s startup capital'
International
'Germany needs to make UK come to its senses'
Sponsored Article
Education abroad: How to find an international school
Features
Six odd things Germans do in the summer
Sponsored Article
Health insurance for expats in Germany: a quick guide
Travel
These 10 little-known German towns are a must see
Features
How two gay dads cut through German red tape to start a family
National
Five things to know about guns in Germany
Sponsored Article
US expats: Taxes are due June 15th
Culture
10 things you need to know before attending a German wedding
National
Eight weird habits you'll pick up living in Germany
Lifestyle
Six reasons 'super-cool' Berlin isn't all it's cracked up to be
Society
Only one country likes getting naked on the beach more than Germany
Lifestyle
23 ridiculously fascinating things you never knew about Berlin
Culture
8 German words that perfectly sum up your 20s
Lifestyle
Can't make it past the door at Berlin's most famous club? Help is at hand
Business & Money
Why Frankfurt could steal London's crown as Europe's finance capital
Features
6 surprising things I learned about Germany while editing The Local
Culture
Five sure-fire ways to impress Germans with your manners
Features
6 reasons Germany's summer is unbeatable for thrill-seekers
National
The future belongs to these 10 German regions
7,944
jobs available
Toytown Germany
Germany's English-speaking crowd