Wednesday, June 2, 2010

Germany ranked top business destination in Europe

Foreign managers view Germany as the most attractive place to do business in Europe, a new poll showed this week.

Worldwide Germany came in fifth place behind China, India, the United State and Russia in the poll of some 1,000 executives at international companies presented by consulting firm Ernst & Young in Berlin on Tuesday.

Germany received particularly good reviews about its infrastructure, quality of life and worker qualifications.

“The positive poll results once again mirror the growing significance and strengthening position of Germany as the leading European economy,” Ernst & Young manager Peter Englisch said.

The country weathered the worldwide financial crisis “astonishingly well,” Englisch said, adding that it offered a “high-quality product palette, economic competitiveness, high global market share and broadly positioned exports.”

But business managers gave negative reviews to the country’s corporate tax burden and labour costs.

Readiness to invest in Germany rose nine percent from the same poll last year to year 40 percent, Ernst & Young reported.

In the same poll last year Germany came in sixth place as a favourite investment destination, with 43 percent of the participants saying Germany had the best conditions to overcome the economic crisis.

Source: http://www.thelocal.de/money/20100602-27583.html

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