Bundestag - Schulze demands reliability from the government
Saxony-Anhalt's Economics Minister Sven Schulze (CDU) has called for more reliability from the federal government for the economy. "I am convinced that Intel is coming," said Schulze on Thursday during a debate on the East German economy in the Bundestag in Berlin. He said that he trusted Chancellor Olaf Scholz (SPD) to support major investments. He was more concerned about medium-sized companies in the country.
The Federal Ministry of Economics had announced that no more funding decisions could be issued for regional economic development in the coming months. The background to this is the budget freeze declared by Federal Finance Minister Christian Lindner (FDP). According to Schulze, quick solutions are needed for small and medium-sized businesses.
In a question and answer session in the Bundestag following the budget ruling, the Left Party called on Chancellor Scholz to guarantee the billions in funding announced for industrial relocations in the east. "The East needs the full economic policy support of the federal government," said Sören Pellmann, member of the Left Party. The Federal Government Commissioner for Eastern Germany, Carsten Schneider (SPD), said that the Federal Government stood by its commitments to support the semiconductor industry, for example.
Budget freeze primarily affects medium-sized companies
Following a ruling by the Federal Constitutional Court, there is a large gap in the federal government's finances. The court had declared the reallocation of coronavirus loans of 60 billion euros from the 2021 budget to the Climate and Transformation Fund null and void. This is used to finance climate protection projects, as well as state subsidies for the relocation of factories. US chip manufacturer Intel, for example, is planning to build a new chip factory in Magdeburg. The investment amounts to around 30 billion euros, with the state planning to contribute around 10 billion euros. The first chips are to be produced in the state capital of Saxony-Anhalt from 2027.
The people of eastern Germany can be proud of what they have achieved, said Economics Minister Schulze. The situation is now different to 20 or 30 years ago. You no longer need to tell anyone that they have to leave their home country for a job. There are great prospects in eastern Germany.
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- Sven Schulze (CDU), Economics Minister of Saxony-Anhalt, emphasized the need for more reliability from the Federal Government in supporting the economy, particularly for medium-sized companies.
- During a debate in the Bundestag in Berlin, Schulze expressed trust in Chancellor Olaf Scholz (SPD) to back significant investments, such as Intel's planned project in Magdeburg.
- The Federal Ministry of Economics has temporarily halted funding decisions for regional economic development due to the budget freeze declared by Christian Lindner (FDP), the Federal Finance Minister.
- In response to the Left Party's call for insurance of funding for industrial relocations in the east, Commissioner Carsten Schneider (SPD) reassured that the Federal Government remains committed to supporting the semiconductor industry.
- The budget freeze primarily impacts medium-sized enterprises, as revealed in light of a ruling by the Federal Constitutional Court, which deemed the reallocation of coronavirus loans to the Climate and Transformation Fund invalid.
- Intel, a US chip manufacturer, is planning to establish a new chip factory in Magdeburg, Saxony-Anhalt, with an investment worth around 30 billion euros, and the state pledging to contribute roughly 10 billion euros towards this project.
- The CDU, consisting of notable politicians like Schulze, and the SPD, led by Chancellor Scholz, have been actively involved in reassuring businesses and advocating for economic support.
- The Parties FDP, led by Finance Minister Lindner, and the Left Party, have played a role in financial decision-making during the COVID-19 pandemic, with the former declaring a budget freeze and the latter advocating for support for the eastern regions of Germany.
- The Federal Government, German federal leaders, and key political parties like the CDU, SPD, FDP, and the Left Party, are working towards ensuring the reliability and future of the German economy, especially in areas like Saxony-Anhalt and Magdeburg, and supporting major investments, such as Intel's planned factory, which is anticipated to begin production in 2027.
Source: www.stern.de
