Entering German Market

During the last decade German economy is stagnating, or thus far decreasing. One of possible reasons is the lack of entrepreneurship in German companies. centenarian companies usually are too big and unwilling to deepen something inside, thus German government decided to bear origination of new small and medium enterprises. New agenda 2010 introduces the dodge for Germany to recover the economy and become even more competitive. In the article Starting your business with subsidies in Invest in Germany magazine is written that there are more than 3000 inducement programs available for investors. The program is financed by the federal government, the states and international organizations, including the European Union. The aid is available for business start-ups in a direction of funding and consulting. Additional support is proposed to other investment, research and development, and training, as well as improve and protect the environment. The aid comes in the form of investment premiums, additional capital allowances, regional support and special credit programs. Subsidies are the main form of support. larger subsidies are applied for new ? Eastern states and for other incentive areas.

Incentive areas mean that economy there should be encouraged, effort is not as developed and investors need additional incentives to recognize these areas but not more developed ones. Distribution of these subsidies is mostly subject to approval by the European Union. One of the programs to finance investment is Joint Agreement program. Cash grants approved and nonrecreational to investors under this program during 1999 ? 2001 were 8.6 billion euros, and the bud get in for 2002 ? 2006 is 8.1 billion Euros (http://www.state.gov/e/eb/ifd/2005/42039.htm). All investors ? local and foreign ? are treated every bit under the program, but financed sum depends on the region. The government has position particular emphasis on investment promotion in the new states of the former East Germany and has offered a large... If you want to get a full essay, order it on our website: Ordercustompaper.com

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