The revival of Berlin Inc

CONVENTIONAL WISDOM has it that the capital of Europe’s most powerful economy is poor, bolshie, chronically indebted and utterly reliant on subsidies from richer states. The debacle of the construction of the Berlin-Brandenburg airport, completed in 2020 nine years late and more than €4bn ($4.7bn) over budget, confirmed every prejudice about the city. A political storm is brewing over property firms and rents.

Listen to this story

Your browser does not support the <audio> element.

Reputations are hard to shed. But Berlin’s business circles are trying. During the tenure of Klaus Wowereit, mayor from 2001 to 2014, no firm in the DAX, the index of Germany’s bluest chips,

→ Continue reading at The Economist

Similar Articles

Advertisment

Most Popular

El Gouna Artistic Director Amir Ramses Steps Down Before Festival Ends

Amir Ramses, artistic director of the ongoing El Gouna Film Festival in Egypt, has resigned in the final days of the event. It’s believed...

An NFT from Signal's founder will look like a poop emoji when someone owns it

Moxie Marlinspike, the founder of Signal, has created an NFT (non-fungible token) that mocks the entire concept of NFTs. "At my whim, #1," as...

Don’t expect big oil to fix the energy crunch

POWER CUTS in China. Coal shortages in India. Spikes in electricity prices across Europe. A scramble for petrol in Britain. Blackouts and fuel blazes...