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Business

U.S. Investments in Germany on the Rise

Political tensions between Germany and the U.S. have not adversely affected economic ties, according to a study carried out by the Center for Transatlantic Relations at the John Hopkins University in Baltimore and presented in Berlin by the Federation of German Industries on Thursday. According to the study, in 2003 Germany counted among the most favored destinations for American investments. U.S. companies poured €7 billion ($8.6 billion) in Germany last year and created 750,000 jobs, thus surpassing U.S. investments in South America. The study however pointed out that German companies still invest twice as much in the United States than vice versa. German companies last year earned around $46.4 billion in the U.S., an increase of almost 50 percent as compared to 2002.