MittelstandsWiki

Quite often there is a lack of knowledge about rating according to Basel II in small and medium-sized entities (SMEs), and the decision making process for taking out a loan is therefore frequently deficient. The so-called rating counselor, which is a joint initiative by several business associations and the KfW Mittelstandsbank, is to provide information on the importance of rating in the loan assessment by banks. Furthermore it shows how companies can improve their rating and influence credit terms. +++

While policy makers are still discussing complicated models as to how let employees participate in the profits generated, many companies have already found simpler solutions. About one quarter of German industrial companies and industrial service providers couple certain salary components to the business situation of the company in question. This finding was revealed by a survey conducted by the Institute for the German economy (IW) in Cologne. +++

According to provisional figures by the Federal Statistical Office, the number of employees in handicraft businesses, which are subject to authorization, increased by 0.2% as of end of September 2007 as compared to September 2006. At the same time turnover generated by handicraft companies in the third quarter this year increased by 1.2% in comparison with the same quarter last year. +++