Diamona & Harnisch - Life's Finest Values
Menu
Blog | 7. Dezember 2017

BERLIN: HOTSPOT FOR INFORMATION AND COMMUNICATION TECHNOLOGY

More than ever before, optimism reigns supreme in the German capital. After all, the economy is booming and the prospects for the future are bright. For Q1 2018, the Berlin Investment Bank (IBB) even expects further growth of 2.7 percent. By way of comparison, growth for Germany as a whole is expected to be 1.9 percent – a 0.2 percentage point upgrade on summer forecasts. However, no other federal state can match the booming city on the Spree.

Everything is going smoothly in Berlin at the moment. Gross domestic product is expected to rise by 2.5 percent this year, and it’s not only Berlin’s consumers that have loosened their purse strings, the city’s companies are also investing heavily in productivity growth. This is confirmed by the latest figures on loans granted by Berlin’s banks in the first half of 2017. According to the IBB, the total volume of loans increased by almost five percent to more than EUR 82 billion.

 

ICT AS GROWTH MOTOR

One sector is making a particularly important contribution to Berlin’s flourishing economy: information and communication technology (ICT). While the overall economy grew by 1.4 percent annually between 2008 and 2015, the ICT sector delivered average growth of 4.1 percent per year over the same period. As our work and home lives become increasingly connected, information and communication technologies are playing an ever more central role. After all, they are the key to innovation and prosperity. And both means more jobs.

The sector’s main wealth and job creators are IT and information service providers, such as companies active in programming, web hosting and data processing. One in seven new jobs in Berlin is created in connection to these expanding young companies. They often make a name for themselves as IT consultants and software developers, or they develop apps – a relatively new field. The ICT industry now employs 45,000 people in jobs that are subject to social security contributions. Although three out of five of these companies were only founded after 2005, the Berlin Chamber of Industry and Commerce says that the sector comprises some 4,300 companies with revenues of around EUR 4.3 billion a year.

 

STRONG NEW TALENT, INTERNATIONAL REPUTATION

And there’s more to come. Only Hamburg has more new ICT start-ups than Berlin. The reason for this is the wide range of science on offer in the city. The urgently needed ICT talent is being trained at numerous universities in Berlin. This means that young professionals can be recruited straight out of university. Research institutions, such as Fraunhofer and the TU Berlin, also enjoy an excellent international reputation. At the forefront is EIT’s Digital Knowledge & Innovation Community at TU Berlin, which is funded by the European Institute of Innovation & Technology as a European research center in the ICT sector.

 

 

Archiv

 
Blog | 7. Dezember 2017

BERLIN: HOTSPOT FOR INFORMATION AND COMMUNICATION TECHNOLOGY

More than ever before, optimism reigns supreme in the German capital. After all, the economy is booming and the prospects for the future are bright. For Q1 2018, the Berlin Investment Bank (IBB) even expects further growth of 2.7 percent. By way of comparison, growth for Germany as a whole is expected to be 1.9 percent – a 0.2 percentage point upgrade on summer forecasts. However, no other federal state can match the booming city on the Spree.

Everything is going smoothly in Berlin at the moment. Gross domestic product is expected to rise by 2.5 percent this year, and it’s not only Berlin’s consumers that have loosened their purse strings, the city’s companies are also investing heavily in productivity growth. This is confirmed by the latest figures on loans granted by Berlin’s banks in the first half of 2017. According to the IBB, the total volume of loans increased by almost five percent to more than EUR 82 billion.

 

ICT AS GROWTH MOTOR

One sector is making a particularly important contribution to Berlin’s flourishing economy: information and communication technology (ICT). While the overall economy grew by 1.4 percent annually between 2008 and 2015, the ICT sector delivered average growth of 4.1 percent per year over the same period. As our work and home lives become increasingly connected, information and communication technologies are playing an ever more central role. After all, they are the key to innovation and prosperity. And both means more jobs.

The sector’s main wealth and job creators are IT and information service providers, such as companies active in programming, web hosting and data processing. One in seven new jobs in Berlin is created in connection to these expanding young companies. They often make a name for themselves as IT consultants and software developers, or they develop apps – a relatively new field. The ICT industry now employs 45,000 people in jobs that are subject to social security contributions. Although three out of five of these companies were only founded after 2005, the Berlin Chamber of Industry and Commerce says that the sector comprises some 4,300 companies with revenues of around EUR 4.3 billion a year.

 

STRONG NEW TALENT, INTERNATIONAL REPUTATION

And there’s more to come. Only Hamburg has more new ICT start-ups than Berlin. The reason for this is the wide range of science on offer in the city. The urgently needed ICT talent is being trained at numerous universities in Berlin. This means that young professionals can be recruited straight out of university. Research institutions, such as Fraunhofer and the TU Berlin, also enjoy an excellent international reputation. At the forefront is EIT’s Digital Knowledge & Innovation Community at TU Berlin, which is funded by the European Institute of Innovation & Technology as a European research center in the ICT sector.

 

 

Archiv

 

© 2017 D & H Projektmanagement GmbH | Leipziger Platz 14 | 10117 Berlin | T. +49(0)30. 89 38 46 0 | info@diamona-harnisch.com | Monday – Friday: 09:00 am – 18:00 pm
Imprint & Disclaimer

Instagram

© 2015 Diamona & Harnisch Development GmbH
Leipziger Platz 14 | 10117 Berlin | T. 030 89 38 46 0 | info@diamona-harnisch.com

Imprint & Disclaimer