• 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
German populist party in race row over Boateng remarks
Boateng, who has a Ghanaian father, was born and brought up in Berlin. Photo: DPA

A leading member of the right-wing populist Alternative for Germany (AfD) party sparked outrage Sunday after making racist remarks about national football team defender Jerome Boateng.

Dozens hit by lightning strike in west Germany
Witnesses to the lightning strike said it came out of the blue. Photo: DPA

35 people were injured in the west German village of Hoppstädten when lightning struck the pitch at the end of a children's football match.

Dresden 'most woman-friendly’ city in Germany
Photo: DPA.

Sorry Berlin, you're not the most progressive city for women, according to a new report.

The future belongs to these 10 German regions
This east German city won the 'most improved' category. Photo: DPA

A new study shows that one city above all will dominate the future of Germany, but if you're canny you might still want to think about moving to Leipzig or Erfurt.

Fugitive ex-terrorists 'on huge crime spree' in north Germany
(L-r): ex-RAF members Volker Staub, Daniela Klette, and Burkhard Garweg. Photo: BKA

In their struggle against capitalism they once murdered businessmen and politicians. Now three ex-terrorists have taken to robbing supermarkets - and rather successfully, too.

Scooter singer finally reveals how much the fish cost
H.P. Baxxter. Photo: DPA

It is the question Germans have wanted to know the answer to for almost two decades - and now they have the answer, thanks to a US talkshow host.

'I'm definitely not a paedophile': disgraced MP
Former MP Sebastian Edathy is in hiding after a child pornography scandal destroyed his career. Photo: DPA

Former MP Sebastian Edathy quit his job and left Germany after videos of naked children were found on his computer.

Weekend promises storms, humidity - and a bit of sun
A storm in Cuxhaven last weekend. Photo: DPA

The forecast for the coming days isn’t the pristine blue skies many of us are longing for. But, in among the storms, the sun will still peek out.

Prosecutors take aim at unedited Hitler book
An original edition of 'Mein Kampf' featuring a photo of Hitler on an inside cover. Photo: DPA

German prosecutors said on Thursday they were investigating whether to bring charges against a publisher who has promised to print a version of Adolf Hitler's anti-Semitic manifesto "Mein Kampf" without annotations.

VW bets on battery factory for electric car dominance
A VW logo is seen in front of a plugged-in electric car. Photo: DPA

Scandal-hit car giant Volkswagen is set to sink huge sums into building a factory for batteries to power its future electric cars, German media reported on Friday.

Sponsored Article
Eat, learn, live: unforgettable holidays in France
Society
Pegida enraged by black children on chocolate bars
Health
New father's tragic herpes warning touches 1000s online
National
Monsanto takeover would be 'diabolical': environmentalists
Lifestyle
10 fascinating facts you never knew about Berlin
Politics
MP recites explicit Erdogan bestiality poem on live TV
National
China beats Germany in readiness to help refugees
Hamburg
Headless Lübeck corpse turns out to be discarded sex doll
National
Pensioner claims to have found hidden Nazi nukes
Business & Money
Here's why Munich is worth 20 times more than Berlin
Culture
Five sure-fire ways to impress Germans with your manners
Lifestyle
6 things about Munich that will stay with you forever
Technology
Church plans to connect with faithful at Wi-Fi 'Godspots'
Technology
Online hate speech can cost users thousands of Euros
Society
Bavarians in rush for non-lethal weapons licenses
Sport
Here's Germany's Mannschaft for Euro 2016
Culture
The Syrian pianist playing his way into Germans' hearts
The parrot who flew fast enough to trigger a speed camera
Technology
New law could let free Wi-Fi bloom across Germany
Politics
Berlin's plans to beef up the German army
Sport
Lufthansa's Euro 2016 ad takes aim at England
National
Supermarkets must pay massive fine for fixing beer prices
National
4/20: Five things to know about weed in Germany
Berlin
Police break up hipster swarm at vegan restaurant opening
7,831
jobs available
Toytown Germany
Germany's English-speaking crowd