Siemens: Investments in Germany are no longer feasible

The head of the Siemens tax department, Christian Kaiser, said that the company sees no point in investing in Germany due to the lack of attractive business conditions, which forced Siemens to direct its investments abroad.

Oct 23, 2024 - 09:56
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Siemens: Investments in Germany are no longer feasible
Photo taken from public sources

At an open meeting of the Bundestag finance committee, the head of the Siemens tax department, Christian Kaiser, announced that the company does not plan to invest in new projects in Germany. According to him, investments in the country have lost their meaning due to the lack of conditions conducive to business development, so most of the recent investments have been directed to foreign projects.

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