Location in danger: Cancellations for the investment summit: Corporate chiefs criticize German industrial policy
The German government is using the "Invest in Germany" summit to win the trust and money of international companies. But many are expressing criticism - pharmaceutical chiefs are even cancelling their participation.
The German government is hosting a two-day "Invest in Germany" summit in Berlin, aiming to attract investments and showcase the country as an attractive location. Chancellor Friedrich Merz and his cabinet have invited domestic and international companies, with many CEOs set to hold personal talks with the Chancellor and ministers.
The event comes as some industries, including energy and pharmaceuticals, express frustration over pending legislation and healthcare spending plans. Experts, including Yves Meyer-Bülow from I Squared and Roman Waleczek from Rothschild, see opportunities for Germany to upgrade its infrastructure and industrial base.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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