Sunday, December 21, 2014

Germany: DIHK: German operation in Russia fear layoffs – evening paper Munich

Germany: DIHK: German operation in Russia fear layoffs – evening paper Munich

Berlin – The German Industry and Commerce (DIHK) warns of growing threats to the German economy through the recession in Russia

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” The crisis of the Russian economy always leaves deeper skid marks in the Russian business German company, “said GCIC foreign trade director Volker Treier the” Bild am Sonntag “

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According to a survey by the German Chamber of Commerce in Russia among almost 300 German companies almost every third German operation should there employee dismissed, the local economic development does not improve. “36 percent of the companies expect to have to cancel projects,” Treier

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It is especially the ruble weakness that makes creating businesses. Ten percent of German companies had reported that her longtime Russian business partner now orienting conditions Asia. “After all, every eighth company is considering a withdrawal from Russia,” said the chief foreign trade. “The break many a business relationship is so before.”

According to the former President of the European Commission, José Manuel Barroso, the European Union is preparing for a possible collapse of the Russian economy. “During the so-called Euro crisis we had contingency plans for all possible scenarios in the drawer. I am sure that there are now also contingency plans to prepare for the possible effects of the economic crisis in Russia,” Barroso told the “Welt am Sonntag”.

The risk that the economic problems of Russia lead to a global crisis, but is not very high. “Russia is not particularly closely integrated into the world economy and the international financial order,” Barroso said. “From the current economic weakness in emerging countries – with the exception of China – is a greater threat to the world economy than from Russia.”

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