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Pole Position for Saxony-Anhalt in 2009 German State Ranking

Publish time: 09/12/2009 16:06 Rubric: ECONOMY Company: PR Newswire IPTC: economy, business and finance-economy, business and finance / business (general) - Saxony-Anhalt is the surprise winner of the 2009 Federal State Rankings. In the scientific study by the Initiative for New Social Market Economy (INSM) and the WirtschaftsWoche magazine, experts evaluate the best places to work, live, and invest in Germany. Saxony-Anhalt has taken 1st place in the dynamic comparison of all 16 Federal States. Numerically, Saxony-Anhalt has profited particularly strongly from the recent years of recovery between 2006 and 2008. No other state has seen such a strong increase in productivity and tax revenue. Tax revenue in the state, which is an important indicator of economic performance, rose by 72.2 percent - more than double the national average.
The gross domestic product of Saxony-Anhalt recorded an increase of 7.7 percent - the second highest, after Baden-Wurttemberg. That also had positive consequences for the employment market. Unemployment levels sank by 6.2 percent (3.9 percent nationally). Considered dynamically, this was also the best result.
"Companies in the field of renewable energy - for example, ENERCON Magdeburg - and solar companies in the so-called Bitterfeld Solar Valley are the force behind the economic miracle in Saxony-Anhalt", explains INSM Project Manager Jan Loleit.
"I couldn't have wished for a nicer Christmas present for Saxony-Anhalt", Dr. Reiner Haseloff, Minister for Economy and Employment, said. "The hard work of recent years has been worth the effort. The fact that we have come top of this dynamic comparison speaks volumes for the efficiency of companies and workers, but also for the proper economic policy frameworks that we have put in place."

Frauke Flenker-Manthey

Press Officer
Investment and Marketing Corporation Saxony-Anhalt
Am Alten Theater 6
39104 Magdeburg
Germany
Phone: +49(0)391-567-7076
Fax: +49(0)391-567 7081
E-Mail: flenker-manthey@img-sachsen-anhalt.de

http://www.investieren-in-sachsen-anhalt.de

Frauke Flenker-Manthey, Press Officer, Investment and Marketing Corporation Saxony-Anhalt, Phone: +49(0)391-567-7076, Fax: +49(0)391-567-7081, E-Mail: flenker-manthey@img-sachsen-anhalt.de

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