Federal Ministry of Finance (Germany)

Laxxon Medical joins German Accelerator’s Southeast Asia Market Access Class of 2023, marking the Company’s inaugural globalization venture

Retrieved on: 
Sunday, December 10, 2023

Laxxon Medical joins German Accelerator’s Southeast Asia Market Access Class of 2023, marking the Company’s inaugural globalization venture

Key Points: 
  • Laxxon Medical joins German Accelerator’s Southeast Asia Market Access Class of 2023, marking the Company’s inaugural globalization venture
    NEW YORK, NY / ACCESSWIRE / November 16, 2023 / Pharmaceutical 3D screen printing company Laxxon Medical has been selected alongside seven other high-potential companies to participate in German Accelerator's Southeast Asia Market Access Class of 2023.
  • German Accelerator's Southeast Asia (SEA) Market Access program functions as a globalization liaison for companies seeking market entry and expansion in the SEA region.
  • In August, the German Accelerator Singapore team welcomed the SEA Market Access Class of 2023 for an intense two-week program kick-off in Singapore.
  • German Accelerator and German Entrepreneurship GmbH is funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK).

Rock Tech Lithium Applies for Additional Subsidies for its Guben Converter

Retrieved on: 
Monday, October 16, 2023

Germany has recently released a new program allowing Rock Tech to apply for up to € 200 million governmental funding.

Key Points: 
  • Germany has recently released a new program allowing Rock Tech to apply for up to € 200 million governmental funding.
  • TORONTO, Oct. 16, 2023 /PRNewswire/ - Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that it is applying for additional public funding from the German government.
  • Rock Tech's CEO Dirk Harbecke says: "We've been very well supported by the City of Guben and the State of Brandenburg.
  • Rock Tech's COO Klaus Schmitz states: "Rock Tech has taken the Project to a high degree of maturity in terms of planning and preparation, so construction could get started soon.

EQS-News: Elmos Semiconductor SE: Regulatory approvals granted for the sale of the Dortmund wafer fab to Littelfuse

Retrieved on: 
Tuesday, August 8, 2023

Dortmund, August 8, 2023: The German Federal Ministry for Economic Affairs and Climate Action (BMWK) granted the approval under foreign trade law for the sale of the wafer fab, located in Dortmund, Germany (“fab”) from Elmos Semiconductor SE (FSE: ELG, “Elmos”) to Littelfuse, Inc., USA (NASDAQ: LFUS, ”Littelfuse”), a diversified, industrial technology manufacturing company, without conditions.

Key Points: 
  • Dortmund, August 8, 2023: The German Federal Ministry for Economic Affairs and Climate Action (BMWK) granted the approval under foreign trade law for the sale of the wafer fab, located in Dortmund, Germany (“fab”) from Elmos Semiconductor SE (FSE: ELG, “Elmos”) to Littelfuse, Inc., USA (NASDAQ: LFUS, ”Littelfuse”), a diversified, industrial technology manufacturing company, without conditions.
  • On June 28, 2023, Elmos and Littelfuse signed a purchase agreement for the sale of the Dortmund fab for a net purchase price of approximately 93 million Euro.
  • The antitrust clearance was already granted by the German Federal Cartel Office (Bundeskartellamt) on July 27, 2023 without any conditions.
  • Under the agreement, Littelfuse will acquire the Dortmund wafer fab with approximately 225 employees.

EQS-News: Cannovum Cannabis AG: Exclusive partnership and million-dollar sales potential with Cannabis Club Association.

Retrieved on: 
Monday, August 7, 2023

Cannovum Cannabis AG: Exclusive partnership and million-dollar sales potential with Cannabis Club Association.

Key Points: 
  • Cannovum Cannabis AG: Exclusive partnership and million-dollar sales potential with Cannabis Club Association.
  • Cannovum Cannabis AG: Exclusive partnership and million-dollar sales potential with Cannabis Club Association.
  • Chillisimo sees itself as a brand club association and is a community of passionate cannabis users who love the diversity of cannabis.
  • With the upcoming legalization of cannabis, this partnership is a big step for market success in recreational cannabis for Cannovum Cannabis AG.

EQS-News: SCHIRP & PARTNER Rechtsanwälte mbB: Wirecard and EY: The Singapore trustee finally comes clean in court and heavily incriminats EY. German justice works too slowly - action day in Munich on 10 Augus

Retrieved on: 
Wednesday, August 2, 2023

SCHIRP & PARTNER Rechtsanwälte mbB: Wirecard and EY: The Singapore trustee finally comes clean in court and heavily incriminats EY.

Key Points: 
  • SCHIRP & PARTNER Rechtsanwälte mbB: Wirecard and EY: The Singapore trustee finally comes clean in court and heavily incriminats EY.
  • German justice works too slowly - action day in Munich on 10 Augus
    The issuer is solely responsible for the content of this announcement.
  • Wirecard and EY: The Singapore trustee finally comes clean in court and heavily incriminates EY.
  • German justice works too slowly - action day planned in Munich on 10 August.

ADGM Implements its Sustainable Finance Regulatory Framework

Retrieved on: 
Tuesday, July 4, 2023

ADGM has today implemented its sustainable finance regulatory framework, comprising the region's most comprehensive ESG disclosure requirements and a regulatory framework for funds, discretionary managed portfolios, bonds and sukuks designed to accelerate the transition of the UAE to net zero greenhouse gas emissions.

Key Points: 
  • ADGM has today implemented its sustainable finance regulatory framework, comprising the region's most comprehensive ESG disclosure requirements and a regulatory framework for funds, discretionary managed portfolios, bonds and sukuks designed to accelerate the transition of the UAE to net zero greenhouse gas emissions.
  • ABU DHABI, UAE, July 4, 2023 /PRNewswire/ -- Abu Dhabi Global Market (ADGM) today announced the implementation of its sustainable finance regulatory framework with immediate effect, following significant support received through public consultation, reinforcing its position as a leading sustainable financial hub and a natural hub for sustainable finance activities.
  • His Excellency Dr. Sultan Al Jaber, President Designate of COP28 UAE said, "I warmly welcome ADGM's regulatory framework for sustainable finance.
  • The new sustainable finance regulatory framework is further supported by several ongoing initiatives of ADGM such as the Abu Dhabi Sustainable Finance Declaration which has over 100 signatories, and the School of Sustainable Finance at the ADGM Academy.

ADGM Implements its Sustainable Finance Regulatory Framework

Retrieved on: 
Tuesday, July 4, 2023

ADGM has today implemented its sustainable finance regulatory framework, comprising the region's most comprehensive ESG disclosure requirements and a regulatory framework for funds, discretionary managed portfolios, bonds and sukuks designed to accelerate the transition of the UAE to net zero greenhouse gas emissions.

Key Points: 
  • ADGM has today implemented its sustainable finance regulatory framework, comprising the region's most comprehensive ESG disclosure requirements and a regulatory framework for funds, discretionary managed portfolios, bonds and sukuks designed to accelerate the transition of the UAE to net zero greenhouse gas emissions.
  • ABU DHABI, UAE, July 4, 2023 /PRNewswire/ -- Abu Dhabi Global Market (ADGM) today announced the implementation of its sustainable finance regulatory framework with immediate effect, following significant support received through public consultation, reinforcing its position as a leading sustainable financial hub and a natural hub for sustainable finance activities.
  • His Excellency Dr. Sultan Al Jaber, President Designate of COP28 UAE said, "I warmly welcome ADGM's regulatory framework for sustainable finance.
  • The new sustainable finance regulatory framework is further supported by several ongoing initiatives of ADGM such as the Abu Dhabi Sustainable Finance Declaration which has over 100 signatories, and the School of Sustainable Finance at the ADGM Academy.

Crypto Goes Mainstream in Germany: 28% of Gen Z Crypto Users Utilize Digital Currencies for Payments

Retrieved on: 
Thursday, June 29, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230629942011/en/
    Recent KuCoin survey report shows that crypto goes mainstream in Germany: 28% of Gen Z crypto users utilize digital currencies for payments.
  • (Graphic: Business Wire)
    KuCoin's report showcases a surprising surge in crypto interest, with 26% of German crypto users entering the crypto market in the past quarter.
  • The report also reveals that 49% of German crypto users are primarily motivated by long-term wealth accumulation.
  • A notable 28% of Gen Z users are utilizing digital currencies through credit cards or for online payments, indicating the integration of cryptocurrencies into traditional financial activities.

HOLOCAUST SURVIVORS WILL CONTINUE TO RECEIVE ADDITIONAL ONE-TIME PAYMENTS FROM GERMAN GOVERNMENT UNTIL 2027 AS A RESULT OF CLAIMS CONFERENCE NEGOTIATIONS

Retrieved on: 
Thursday, June 15, 2023

NEW YORK, June 15, 2023 /PRNewswire/ -- Today, the Conference on Jewish Material Claims Against Germany (Claims Conference), announced the outcomes of their negotiations with the German Federal Ministry of Finance on behalf of Holocaust survivors living globally resulting in approximately $1.4 billion in direct compensation and social welfare services for survivors. Outcomes of these negotiations, include nearly $105.2 million in additional funding for home care programs to address survivors' increased needs. Additionally, a one-time payment per year to recipients of the Hardship Fund will continue to be paid until 2027. This is impacting more than 128,000 Holocaust survivors globally.

Key Points: 
  • Outcomes of these negotiations, include nearly $105.2 million in additional funding for home care programs to address survivors' increased needs.
  • Greg Schneider, Executive Vice President of the Claims Conference said, "Every year these negotiations become more and more critical as this last generation of Holocaust survivors age and their needs increase.
  • Originally established to be a one-time payment, negotiations during the COVID-19 lockdowns resulted in three supplemental payments for eligible Holocaust survivors.
  • Holocaust Education: Funding for Holocaust education has been extended for two more years and increased each year by €3 million.

Policymaking Comes to Money20/20 Europe

Retrieved on: 
Thursday, June 1, 2023

“Money20/20 is the place where the entire money ecosystem comes together to debate and understand the rules for the future of financial services,” said Scarlett Sieber, Chief Strategy & Growth Officer at Money20/20.

Key Points: 
  • “Money20/20 is the place where the entire money ecosystem comes together to debate and understand the rules for the future of financial services,” said Scarlett Sieber, Chief Strategy & Growth Officer at Money20/20.
  • “ Digitising the Financial System, One Bond at a Time ” will take place on the Fusion Stage on Tuesday, 6 June at 11:40 CET.
  • “ Making sense of MiCA ” on the Elements Stage on Wednesday, 7 June at 11:20 CET is Vishal Sacheendran, Director, MENA & Europe at Binance.
  • At 15:20 CET on Wednesday, 7 June on the Fusion stage, it’s Germany’s turn to discuss tokenised securities.