Germany Is Top Target For Investors - Nippori Group.

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Nippori Group: Germany is the most attractive destination for investment in Europe according to a respected survey.

Nippori Group - Business Group News - Stability, openness and transparency are the words being used to describe Germany's appeal as a destination for inward investment by business leaders questioned in a survey conducted by London-based professional services firm, Ernst & Young.

Germany was rated as the number one investment destination in Europe and number 4 overall worldwide behind China, the United States and Russia.

€We were a little surprised to see Russia in the rankings given its past issues with corporate governance but clearly, moves by the authorities to tighten up on corruption have paid off,€ said a Nippori Group analyst.

Investors are enamored with Germany on account of its stable and transparent political and legal environment not to mention the country's well-appointed and highly-motivated workforce.

€This is very much a vote of confidence in Germany both as a nation and as an economy but there are downsides including a workforce that is expensive compared to counterparts in, say, the United Kingdom or Spain,€ explained the Nippori Group analyst. €Nevertheless, it would appear that investors are willing to overlook things like labor costs in order to tap into the quality and consistency of German efficiency,€ he added.

The firm said it was further encouraged by sentiments expressed within the survey that point to broad-based confidence that, despite the unresolved Eurozone debt crisis, Germany would continue to grow in attractiveness.

€It's heartening to know that despite the agreement to a minimum wage in the country, foreign investors are still willing to make a commitment to Germany€ concluded the Nippori Group analyst.

Germany grew 0.8 percent - its fastest rate in three years - in the first quarter, helped by milder than usual winter weather which meant the usual spring upturn was brought forward.

Compared with such a strong start, the economy is expected to expand only slightly in the second quarter, partly due to less activity in the construction sector, the Bundesbank, the central bank, said in its monthly report for June. The general trend was still positive.
"The underlying trend of the German economy continues to show clear upside," it said in the report, with reference to an increasing industrial order intake.

The Bundesbank earlier this month raised its growth forecasts for this year for the German economy.

The firm said it was further encouraged by sentiments expressed within the survey that point to broad-based confidence that, despite the unresolved Eurozone debt crisis, Germany would continue to grow in attractiveness.
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