Germany has quickly become the leading investment destination in Europe for foreign companies and even with the current economic problems spreading in Europe, Germany is still holding strong. The American Chamber of Commerce in Germany released its findings from this years AmCham Business Barometer and found that American companies saw only slight decreases in revenue from Germany in 2011. It’s important to note though that this comes after an unusually high year in 2010.
Juergen Friedrich, Chief Executive of Germany Trade & Invest in Berlin stated that “these results confirm Germany’s position as the locomotive of the European economy. American companies have a long tradition in Germany. Their feedback is a great indicator of what is going well and what can be improved.”
There is still plenty of room for improvement as the American companies in this study showed some concern about the ongoing financial struggles in Europe. Germany can still be seen as a safe country in terms of investment, but there is still steep competition among the other leading countries of China and India.
You can read more on this report on the Germany Trade & Invest website
Photo by Wolfgang Staudt