According to a recent industry survey, more than one in four medium-sized companies in Germany (26%) are considering closing their businesses. Additionally, over one in five (22%) are contemplating relocating abroad. The main obstacles cited by entrepreneurs are excessive bureaucracy, high taxes and levies, and a shortage of skilled workers. The survey conducted by the Federal Association of Medium-Sized Enterprises highlights the need for reliable and predictable conditions for businesses. This trend raises concerns about the economy and job security for millions of people employed in the German Mittelstand.

Source: DIHK