Dear Reader, Dear Members and Friends,
During our visit in New York City last month, one thing became very obvious: there is a continued interest on both sides of the Atlantic to keep up the vital partnership with one another.
Free trade internationally and between the US and Europe is essential and maybe this fact has to be underlined these days. Both economies dwell on open markets and rely on strong transatlantic business relations. Receding trade between Bavaria and the US may serve as warning signal in order to reinforce traditional ties.
I am personally very much committed to foster US-Bavarian relations to the benefit of all of us.
Wishing you and your family and friends a festive holiday season filled with joy and peace.
Economyvbw Index of Business Activity in Bavaria – fall 2016
In November 2016, Alfred Gaffal, President of vbw, presented the latest vbw Index of Business Activity in Bavaria, also called the “wheat beer index”. With currently 132 on a scale ranging from 0 to 200 points, the Bavarian economy is growing.more
EconomyEconomic Outlook, December 2016
Leading indicators for the German economy have recently weakened again, whereas respective indicators for the Eurozone show a mixed development. The global economy on the other hand continues to recover.more
EconomyDoes the “energy transition” live up to its promise?
Secure, affordable and environmentally sensitive energy supply is a basic requirement for a strong industry sector and attractive investment conditions in Germany and Bavaria. For the fifth time, vbw presents its monitoring report on the progress of the “energy transition”.more
Legal affairsSunday and holiday employment: restricted but not impossible
The Working Hours Act – the German Arbeitszeitgesetz (ArbZG) – stipulates a general ban on Sunday and holiday work. Nevertheless, under certain conditions, exemptions are possible.more
Events and international affairsBavaria and the USA – the future of free trade
In November, a bayme vbm, vbw delegation including Dr. Theo Waigel, Germany’s former Federal Minister, went on an official visit to NYC. Our US Liaison Office invited US company representatives to join round tables on issues such as Germany’s role in the EU and the future of free trade.more