Saxony-Anhalt's economy: challenge or chance for the future?

Saxony-Anhalt's economy: challenge or chance for the future?

The economy in Saxony-Anhalt faces serious challenges. Rising energy prices and international competitive pressure are particularly threatened with the chemical and automotive supply industry. Economic Minister Sven Schulze, who has headed the department since 2021, emphasizes that the state government is taking the worries of the companies Ernst and is making a combination of financial support and intensive dialogue to work together to develop solutions together, such as Saxony-Anhalt reported. Despite these challenges, there were positive developments: In 2024, an investment volume of around 450 million euros was initiated and overall applications with a volume of around 1.8 billion euros were processed.

Form competitive future

The chemical industry is a central industry with around 13,000 employees. In order to secure its competitiveness, the government relies on a reliable energy concept and promotes innovative projects such as the hydrogen project in Piesteritz. In addition, suggestions for the reform of the "Green Deal" are submitted to the EU to revise the framework conditions. In the automotive supply industry, which suffers from the transition to electromobility, Saxony-Anhalt continues to forced investments, for example in the innovative project CMD in Barleben, as

A crucial factor for economic stability is also the promotion of the chip industry in the high -tech park, which is to become one of the largest industrial areas in Europe. In this context, the expansion of courses in semiconductor and nanotechnology at the Otto von Guericke University in Magdeburg was also initiated in order to cover the future skilled workers. Minister Schulze is also planning a direct exchange with the affected industries in the coming months to actively accompany the transformation of the industrial landscape.