change or shaping the pears air show and production of climate friendly heat pumps is more than heating off across europe. and that has benefits for countries like poland and slovakia seem beardsley in berlin. welcome to our show. and we begin here in germany. we're us based chip maker intel assigned off on plans to invest 30000000000 euros in the country as part of a new chip production facility of the deal for a factory in the city of monte bar. it includes $10000000000.00 euros in german sort of subsidies. intel is the latest ship makers take advantage of the east east funding rules for producers of the critical components of europe. aims for more independence from asian manufacturers. entails also planning new facilities in poland and france. but while germany is celebrating, intel's big investment, the past year has seen more and more questions arise, to the country's general attractiveness for investment, both domestic and foreign. and that's the problem for all of europe. after all, germany, france and italy account for more than half of the blocks overall economic output,

where it's gross domestic product, a germany hold, the largest piece of that pie. how much of the country standing is thinks it's innovative ness over decades, even centuries. in particular, in areas like machinery, automobiles and manufacturing a germany sees its future, has more digital and green, but competing globally is difficult, and the higher energy prices of the past year have not helped. well, a new study released by the z w institute now shows that with the u. s. canada and sweden leading the list of countries most attractive for business germany is at 18th. it's all right for me on this, i'm joined by jo kramer. he's chief economist, come out spunk in germany. your thanks for joining us. we know that germany has been worried for awhile, about it's attractiveness in a globalized world. this year has been especially difficult, is it just mentioned, especially with the war, with the energy prices. a deal like intel is a big deal in the figurative sense of the word. does it tell us what we need to

know about germany's attractiveness? no, i think the same. we contact the industry is a special kind of industry. we're a subsidies are i use it, but i think when you would like to learn more about that to the general attractiveness of germany, they look at all of the other firms. then also look not only at energy issues. what we have been seeing based on indicators over the past 15 years is in general erosion in the quality of germany as a location to do business. this has been, this has to do with the back roads, raise a high call for a texas and rucker see the problems when it comes to digital infrastructure. and these things need to be fixed. right? those investments that perhaps haven't been made in the past. do you see the state showing out more money for them now in a sense,

jeremy is competing with the deep pockets of the us on the one side, china on the other. can we expect to see more subsidies to encourage businesses as well? uh, we are likely to see more subsidies. uh because there was a change in the policy of the opinion, but i'm not sure what the subsidies are the right way. also for china all the us because subsidies say that this taught the competition. they all lead to inefficiencies and that we see that you cannot make problems trying to convert it has. in the end, we have seen that that the drum and the economic american, the economic rise of them, the author, the 2nd floor for all of this was primarily achieved by not creating failure with conditions for a few or firms, but to create good frame, but conditions for all the firms, with good roads, re weighs good, screw its infrastructure load, texas. you said it had to and i think this is

a better way to bid up a brought industrial base. right. that's your kramer with cool. that's fine. thank you very much. thank you. well, military and civilian aircraft streaked across the scrub across the sky, rather as the pears air shall return monday, following a 4 year cobit induced height is organizers of build the by any event as the recovery air show after the grotto virus ravaged the sector in the event was cancelled in 2021. this year's air show has new focus on defense, of course, following brushes, invasion of ukraine, along with the industry's efforts to reduce carbon footprint. french president, manuel nicole and arrived in a helicopter partly using sustainable aviation fuel. you know, so france will invest 300000000000 euros to boost the production of those fuels. right, of course on a jack product is outside of paris for that air show. jack french says,

now that it's ready to plough millions of yours into sustainable aircraft from engines to fuels. what exactly is behind this? pushed by the com. that's what it's a really interesting one, steve. and essentially he's kind of catching up with the industry in some sense here. the aerospace industry is agreed to go cobra neutral by 2050. there's a huge push private companies within the industry, but they've long said that what they need is government supports. they might kroner, 9 same as 300000000 yours a year specifically or mainly related to the sustainable fuse is being really welcomed by some of the people that i've been speaking to. and some of the stalls of the show already is the 1st day. but some of the stalls of the show in the sun, so they're getting a lot of attraction. all the ones related to that, it's expected that there's going to be a hydrogen powered supersonic plane flying in the skies within the next couple of years. and that company has been receiving quite a lot of a lot of attention to and is doing multiple multiple sort of shows and displays

throughout the day. but there is also, as you say, a big focus on defense which has been highlighted by the board and ukraine. we know that right now and here now the passenger air industry is doing better and better getting over that corona and especially as summer approaches is fair to say that sustainability isn't really the chief concern of many of these businesses right now . they try and meet demand that's one of the big things. the companies are saying that they're having huge amounts of orders, especially the big ones, the boeing's and the ad buses that are trying to bear with more planes. essentially, i noticed they've been saying that they expect a deal was for, for 2100 croft could be signed during this week. a written, the boy is a power size shape. and that is really significant. that's a high number of that across to be ordered. but that means huge pressure they'll have to deliver. and that's where the industry is really focused in some sense as well. right, that's john clerk,

i think there's air show. thank you very much. so now we go to some of the other global business stories making headlines. sorry, defense company, scope industries has signed a controversial deal with air bus to produce civil and military helicopters. these womic kingdom that's according to saudi's thing. media company expects to invest almost $7000000000.00 over 20 years. italy's blocking a chinese state own company from taking control of tire joint corvalle. a chinese sign, okay, which already own 37 percent of the timeframe wants to increase its stake in the milan base fidelity time prime minister your gord yet maloney. it says the decision was made to safeguard rallies, independence, european union, and tenure assigned to trade you. on monday, as the deepens economic ties with africa, the agreement will give kenya tara free access to the

e. u. it's biggest trading partner. currently, the african countries since a 5th of its exports, the new primarily agricultural products including t, coffee flowers will staying in europe. the whole heat pump is quickly turning into a symbol of the energy transition, a back by government subsidies companies in europe and asia reporting billions into new production facilities for the heating systems which operate without fossil fuels. that race for market share means new jobs in new markets likes to lock you in poland. take a look. the heat pump sales are booming. manufacturers in germany made up their production facilities and fast. one of them is people else on the company wants to massively expand in the state of lower sacks, any the family owned company plans to invest 600000000 euros in new facilities. initial plans are already in place, by the way, as you can see in the background, some buildings will be demolished, some expanded and some will be newly built. but other gentleman producers such as

violent looking to eastern europe as an answer. in slovakia this mega factory is being built to add capacities. the company's german french n u k plans no longer have local residents are all in hoping for employment maybe the same. i really don't know what this is all about, but new jobs will be created. what's wrong with that? can i get the message? i estimate of costs. it is good. people will and more and then spend more of the industrial part is located on the outskirts of the city. according to local media, the deal was sweetened with states subsidies worth more than $20000000.00 euros and an income tax reduction for the investor. economist suzana sir voss, god believes that central and eastern european countries are becoming

a strong award for the production of heat pumps. so we have seen also in countries such as poland check republicans, slovakia, more and more consumers demanding heat pump. so while most of these uh, products will be exported in itself, the fact that it is an attractive market also plays a role back in rem shide at the violent headquarters with some very that there's a trend of the industrialization in germany as mass production most to eastern europe, no varies, say as violent. the company keeps investing heavily in the research and development department at the site. new investment is set to double the production capacity to produce around $500000.00 heat pumps a year. the company's management hopes that the swift commissioning of the slovakia plant will give them a competitive edge. we are not concerned with cheap labor costs when we pick to mock. yeah. was much more about the approval process. they have being very fast and

construction was approved within a year after the application was filed. that's much faster than in germany. and here's a reminder of our top business story we're following for you at this hour entails investing 30000000000 euros and chip production facility in germany deal includes 10000000000 euros and subsidies that after the east funding rules for producers of the critical components you're aiming for more independence from asian manufacturers. well that's our show, hope you liked your likes. if you can find out more online at dw dot com slash business, you can also find out more on youtube or youtube channel dw news, and we're on facebook. usually invalid is watching the

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