Concept
Economy of Germany
Related concepts (16)
Deutsche Mark
The Deutsche Mark (ˈdɔʏtʃə ˈmaʁk; English: German mark), abbreviated "DM" or "D-Mark" (ˈdeːˌmaʁk), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark" (ˈdɔɪtʃmɑrk). One Deutsche Mark was divided into 100 pfennigs. It was first issued under Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year.
Bertelsmann
The Bertelsmann SE & Co. KGaA, commonly known as Bertelsmann (ˈbɛʁtl̩sˌman), is a German private multinational conglomerate corporation based in Gütersloh, North Rhine-Westphalia, Germany. It is one of the world's largest media conglomerates and is also active in the service sector and education. Bertelsmann was founded as a publishing house by Carl Bertelsmann in 1835. After World War II, Bertelsmann, under the leadership of Reinhard Mohn, went from being a medium-sized enterprise to a major conglomerate, offering not only books but also television, radio, music, magazines and services.
Gastarbeiter
; ˈɡastˌʔaʁbaɪtɐ; both singular and plural) are foreign or migrant workers, particularly those who had moved to West Germany between 1955 and 1973, seeking work as part of a formal guest worker program (Gastarbeiterprogramm). As a result, guestworkers are generally considered temporary migrants because their residency in the country of immigration is not yet determined to be permanent.
German reunification
German reunification (Deutsche Wiedervereinigung) was the process of re-establishing Germany as a single full sovereign state, which took place between 9 November 1989 and 15 March 1991. The day of 3 October 1990 when the "Unification Treaty" entered into force dissolving the German Democratic Republic (GDR; Deutsche Demokratische Republik, DDR, or East Germany) and integrating its recently re-established constituent federated states into the Federal Republic of Germany (FRG; Bundesrepublik Deutschland, BRD, or West Germany) to form present-day Germany, has been chosen as the customary German Unity Day (Tag der deutschen Einheit) and has thereafter been celebrated each year as a national holiday in Germany since 1991.
Opole
Opole (ɔˈpɔlɛ; Oppeln ˈɔpl̩n; Ôpole) is a city located in southern Poland on the Oder River and the historical capital of Upper Silesia. With a population of approximately 127,387 as of the 2021 census, it is the capital of Opole Voivodeship (province) and the seat of Opole County. Its built-up (or metro area) was home to 146,522 inhabitants. It is the smallest city in Poland that is also the largest city in its province. Its history dates to the 8th century, and Opole is one of the oldest cities in Poland.
Mittelstand
Mittelstand (composed of the words "Mittel" for middle and "Stand" for class) commonly refers to a group of stable business enterprises in Germany, Austria and Switzerland that have proved successful in enduring economic change and turbulence. The term is difficult to translate and may cause confusion for non-Germans. It is usually defined as a statistical category of small and medium-sized enterprises (SMEs; kleine und mittlere Unternehmen or KMU) with annual revenues up to 50 million Euro and a maximum of 500 employees.
Silesia
Silesia (saɪˈliːʒə,saɪˈliːʃiə, also UK-iːziə, US-iːʒiə,-iːʃə,_sɪˈ-; see below) is a historical region of Central Europe that lies mostly within Poland, with small parts in the Czech Republic and Germany. Its area is approximately , and the population is estimated at around 8,000,000. Silesia is split into two main subregions, Lower Silesia in the west and Upper Silesia in the east. Silesia has a diverse culture, including architecture, costumes, cuisine, traditions, and the Silesian language (minority in Upper Silesia).
Lufthansa
Deutsche Lufthansa AG (ˌdɔʏtʃə ˈlʊfthanzaː ʔaːˈɡeː), commonly shortened to Lufthansa, serves as the flag carrier of Germany. When combined with its subsidiaries, it stands as the second-largest airline in Europe in terms of passengers carried, after the ultra low-cost carrier Ryanair. Lufthansa is also one of the five founding members of Star Alliance, which is the world's largest airline alliance, formed in 1997.
BASF
BASF SE (beːaːɛsˈʔɛf), an initialism and portmanteau of its original name Badische Anilin- und Sodafabrik, is a European multinational company and the largest chemical producer in the world. Its headquarters are located in Ludwigshafen, Germany. BASF comprises subsidiaries and joint ventures in more than 80 countries, operating six integrated production sites and 390 other production sites across Europe, Asia, Australia, the Americas and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries.
Bayer
Bayer AG (ˈbaɪ.ər, commonly pronounced ˈbeɪər; ˈbaɪɐ) is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include pharmaceuticals, consumer healthcare products, agricultural chemicals, seeds and biotechnology products. The company is a component of the EURO STOXX 50 stock market index. Bayer was founded in 1863 in Barmen as a partnership between dye salesman Friedrich Bayer (1825–1880) and dyer Friedrich Weskott (1821–1876).