Giffey calls for investments: discover East Germany as a region of the future!

Giffey calls for investments: discover East Germany as a region of the future!

In a recent statement, Berlin's Senator for Economic Affairs Franziska Giffey (SPD) pointed out that economic development in East Germany requires the greatest attention. In a speech, she emphasized that a pan-German investment strategy is necessary in order to exploit the region's full potential. As nordkurier.de reports, there is great opportunity to exploit the successes of the eastern German federal states such as Mecklenburg-Western Pomerania, Berlin and Brandenburg and to use them profitably throughout the entire federal territory.

Giffey emphasizes that there are areas in East Germany that one can be proud of, such as the innovation centers in cities such as Potsdam, Leipzig and Dresden. These centers are leaders in many technical areas and show that East Germany does not just point to the map of the past. Nevertheless, she criticizes the persistently negative perception of the region and draws attention to the structural disadvantages. These include lower wages and the fact that the majority of corporate headquarters are located in the West. When traveling to the East, changes in Munich or Frankfurt often have to be planned, which points to the challenges that still exist.

The economic perspective of East Germany

The economic situation in East Germany is influenced by several factors, some of which are rooted in history. According to ostrechner.de, there is a high number of small and medium-sized companies in the region, while large employers are rarer. Despite innovative products, many East German companies have difficulty asserting themselves on global markets. As a result, measures to promote business growth and networking are urgently needed to strengthen the regional economy.

Giffey demands that, in addition to large lighthouse projects, medium-sized businesses, art and culture and start-ups should also be specifically supported. This diversification could lead to East Germany developing into an economic region of the future. Settlements of major companies such as Tesla in Brandenburg and Intel in Magdeburg are already the first steps in this direction and could have transformative effects on the local economy.

Perspectives for the future

East Germany finds itself in a difficult area of ​​tension characterized by the so-called “perpetual East-West divide”. The region is viewed as an economic region of the future, but there is still a lot to do to be perceived as an equal part of the Federal Republic. This is also confirmed by various studies that deal with the challenges and opportunities in economic development, as summarized by bpb.de.

Giffey's final call to the SPD to strengthen its role as an economic policy force and thus contribute to the further success of East German structural development therefore plays a central role. In order to get East Germany back on track as a German location, joint efforts are needed to reduce the existing disparities and create a strong, united economic foundation.