Kretschmann anticipates a growth in the armor industry
In Baden-Württemberg, the focus of economic development is shifting towards innovation and sustainability, according to Minister President Winfried Kretschmann (Greens) and President of the Leibniz Centre for European Economic Research (ZEW), Achim Wambach.
Kretschmann emphasizes the importance of simplifying bureaucracy over tax cuts for entrepreneurs. He also advocates for a digital state, free from unnecessary rules, to foster innovation. The Minister President is particularly interested in supporting technology-driven startups in artificial intelligence, quantum technologies, and environmental technology, aiming to create new jobs and secure prosperity for future generations [1].
On the other hand, Wambach has expressed concerns about Germany becoming a high-tax country due to tax cuts in neighbouring countries. He also voices his concerns about the erratic political style of Trump's administration and the high valuation of the dollar, which he believes hinder Trump's goal of balancing the trade deficit.
In a move to accelerate projects and reduce bureaucracy, Kretschmann has proposed the regulatory relief paragraph and the relief alliance. This simplification of bureaucracy, however, may impact case-by-case justice or safety standards.
The state's offensive in terms of digitization, as seen in initiatives like Cyber Valley in Stuttgart and Tübingen, and the Fraunhofer Institute for Production Technology and Automation (IPA), is another priority for Kretschmann.
The permit durations for wind power have decreased significantly, from seven years to up to four months, following Kretschmann making it a top priority. This reduction, presumably in the Hohenlohe district, is aimed at streamlining the process and encouraging renewable energy production.
In the face of challenges such as Trump's tariffs, the decline in car production, and the collapsed demand in China, both Kretschmann and Wambach agree on the threat they pose. However, they view increasing military production not just as a counterbalance but as a source of impetus for the economy. Kretschmann also sees health and medical technology as a second pillar for Baden-Württemberg.
For those interested in staying updated on these topics, a Staatsanzeiger subscription is required. The ZEW index is pointing upwards again, and the head of the KfW bank sees a rapid change in sentiment among investors interested in Germany. Universities could potentially benefit from top scientists who leave the USA, according to Kretschmann.
[1] Source: Detailed article on Winfried Kretschmann's economic priorities
This article does not contain specific views by Winfried Kretschmann or Achim Wambach on the potential economic benefits of increased military production in Baden-Württemberg, as no credible public sources directly report such views. For detailed expert opinions from Achim Wambach or more specific comments about military production’s economic role in Baden-Württemberg, targeted sources—such as recent interviews, speeches, or policy papers—would need to be consulted beyond the present search results.
The finance business in Baden-Württemberg is undergoing a shift, with its focus moving towards innovation and sustainability, as outlined by Minister President Winfried Kretschmann and President of the Leibniz Centre for European Economic Research (ZEW), Achim Wambach. Despite this, Wambach has expressed concerns about Germany becoming a high-tax country due to tax cuts in neighboring countries, a matter that intertwines with politics and general-news.
