Category: SKR Insights
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Breaking a German Taboo: Minimum Wage Dictated by the State
The way is clear for minimum wage to be raised to 12 euros beginning in October. The Bundestag passed the corresponding bill on June 3, 2022, and the Bundesrat approved it on June 10, 2022. This means that the minimum wage in Germany, which was still 9.82 euros in January 2022, will have increased by…
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The market economy needs new rules
Digital sovereignty – this is how the EU intends to maintain its innovation and competitiveness in the future. This is because technological know-how and economic power are increasingly concentrated in the hands of a few, large online giants from Asia and the USA, giants which (can) dominate the market as gatekeepers. Whether it’s Alphabet, Amazon,…
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Cyber crime – a real problem for companies
Attacks on corporate IT represent the greatest challenge for businesses worldwide. They involve the threat of blackmail, theft and system failures – more often than not, considerable financial damage. According to the digital association Bitkom, the German economy alone recorded damage from cybercrime of more than 220 billion euros in 2020/21, twice as high as…
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War in Ukraine – a turning point for politics and business
The conflict in Ukraine is not only bringing suffering to 40 million people fighting for their land, living in fear or fleeing to safety, this war is becoming a historic turning point – and will have a decisive influence on the political order, trade and economy worldwide. Putin’s world “Change through trade” is a much-quoted…