Germany is country of Europe located in central Europe

in Allgemein 24.05.2022 08:40
von BalticLegal • 14 Beiträge

Official Name: Federal Republic of Germany
Capital: Berlin
Total area: 357 021 km2
GDP per capita: $39,028
Native Language: German
Government: Federal parliamentary constitutional republic
Population: 80,399,300
Major Religion: Roman Catholicism, Lutheran
Monetary Unit: Euro (EUR)

Germany, officially the Federal Republic of Germany, is a federal parliamentary republic in west-central Europe. The country consists of 16 federal states, the capital and largest city is Berlin. Germany covers an area of ​​357,021 square kilometers (137,847 sq mi) and has a largely temperate seasonal climate. With 80.3 million inhabitants, it is the most populous member state of the European Union. Germany is the greatest economic and political power on the European continent and historically a leader in many theoretical and technical areas.

Germany has the largest population of all EU countries. Its territory stretches from the North and Baltic Seas in the north to the Alps in the south and is crossed by some of Europe's most important rivers such as the Rhine, Danube and Elbe.

Germany is a federal republic. The legislatures at the national level are the Bundestag, whose members are elected by popular vote every four years, and the Bundesrat, which consists of 69 representatives from the 16 federal states.

After the Second World War, Germany was divided into the democratic west and the communist east (German Democratic Republic). The Berlin Wall became the symbol of this division. It fell in 1989 and Germany was reunited a year later.

German is the most widespread first language in the European Union. Germany is the third largest economy in the world and produces automobiles, precision engineering products, electronic and communication equipment, chemical and pharmaceutical products and much more. Its companies have invested heavily in the Central and Eastern European countries that joined the EU in 2004.

As the birthplace of Johann Sebastian Bach, Ludwig van Beethoven, Johannes Brahms and Richard Wagner, among others, Germany's gift to European classical music is important. In thought and word, Germany's vast legacy encompasses the works of Luther, Goethe, Schiller, Nietzsche, Kant, Brecht and Thomas Mann.

Germany is the second largest hop producer in the world and the country is known for its quality beers. Wine is produced in the Moselle and Rhine valleys.

Health & Welfare
Germany has one of the most comprehensive and generous systems in the world. It includes health, old age, disability, unemployment insurance, child support, public housing and veterans aid.

Economy & Jobs
Manufacturing, industry, mining, farming, forestry, fishing, energy, banking, and tourism.

Main Attractions
Berlin, Frankfurt city, Lubeck medieval town, Munich city, Rhine Valley, and Weimar pilgrimage site.

Germany is the 12th richest country in the world in terms of GDP per capita, has a well-developed social market economy, and a high standard of living. Until the 1980s, many of Germany's largest industry firms were nationalised; in recent years, however, privatisation has reduced state holdings to a level comparable to other European economies. Labour movements are particularly strong in Germany and have large influence on labour politics. Next to a highly developed industry, international tourism is the most important part of the national economy. Mariahilf shopping avenue in Vienna.

Germany has historically been the main trading partner of Germany, making it vulnerable to rapid changes in the German economy. Since Germany became a member state of the European Union it has gained closer ties to other EU economies, reducing its economic dependence on Germany. In addition, membership in the EU has drawn an influx of foreign investors attracted by Germany's access to the single European market and proximity to the aspiring economies of the European Union. Growth in GDP accelerated in recent years and reached 3.3% in 2006.

Germany indicated on 16 Nov 2010 that it would withhold the December installment of its contribution to the EU bailout of Greece citing material worsening of the Greek debt situation and apparent inability of Greece to collect the level of tax receipts it had previously promised.

Since the fall of communism, Germanyn companies have been quite active players and consolidators in Eastern Europe. Between 1995 and 2010, 4'868 mergers & acquisitions with a total known value of 163 bil. EUR with the involvement of Germanyn firms have been announced. The largest transactions with involvement of Germanyn companies have been: the acquisition of Bank Germany by Bayerische Hypo- und Vereinsbank for 7.8 bil. EUR in 2000, the acquisition of Porsche Holding Salzburg by Volkswagen Group for 3.6 bil. EUR in 2009, and the acquisition of Banca Comercială Română by Erste Group for 3.7 bil. EUR in 2005.


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