Scholz defends Germany as a business location

Chancellor Olaf Scholz has defended Germany as a business location against criticism. In the ZDF program “Berlin direkt” he referred to investments by foreign companies in Germany worth billions.

The SPD politician expressed reservations again about the proposal by Economics Minister Robert Habeck (Greens) for a state-subsidized industrial electricity price.
In view of the economic downturn and because of the high energy prices in international comparison, business associations are calling for broad relief and are warning against companies moving abroad. Scholz countered this with the “massive expansion of semiconductor production”. Companies settled there consciously. As reported, the Taiwanese chip manufacturer TSMC had announced that it would build a semiconductor plant in Dresden by 2027.

With regard to energy prices, Scholz said that the government is structurally ensuring that electricity generation becomes cheaper – by expanding generation capacities and the electricity grids.