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Berlin remains on the road to success

21. August 2023 - While the German economy has continued to weaken this year, the picture looks somewhat different when you look at Berlin: Economic and employment growth are developing above average in a national comparison - even in these difficult times. Berlin is holding its own, despite all the challenges. This is also shown by the latest figures from the business development agency Berlin Partner.

In the first half of 2023 alone, 44 companies settled on the Spree; more than half of them come from abroad. Investments in research and development in particular have developed extremely positively: At EUR 159.7 million, there was an increase of 119 percent (compared to EUR 72.8 million in the first half of 2022). The clusters of transport, mobility and logistics (with EUR 39.7 million) and optics and photonics (with EUR 36.7 million) are benefiting in particular. Among the 187 projects that Berlin Partner successfully managed by the end of June 2023 - an increase of 44 percent - 5455 new jobs were created. In addition, companies will invest around EUR 421 million in the Berlin location; by far the most favoured of these is the ICT Media and Creative Industries  cluster (with EUR 152 million).

Berlin Partner uses the Business Location Center with its interactive economic atlas to successfully support companies and founders with settling, expansions and technology transfer. There, all information about the Berlin city area can be accessed virtually: What public transport is nearby, where are technology centres and project developments located, where are start-ups or coworking spaces, what is the situation regarding development plans, are there daycare centres or scientific institutions close by? The Business Location Center also provides national and international companies with the information they need to make location decisions.

Dr Stefan Franzke, CEO of Berlin Partner: "In the process of transformation we are in right now, Berlin's entrepreneurs are showing great dynamism and also that they can deal with challenges. This also explains why Berlin is comparatively in a good position. The attractiveness of the business location and its adaptability continue to be good arguments for numerous companies to see their future on the Spree. As Berlin Partner, we are pleased to be able to play an active role in this development and to support companies as a reliable helper, from setting up and securing a location, to researching suitable funding opportunities.”

Further information and graphics on the half-yearly balance sheet can be found at: www.berlin-partner.de/presse.

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