Company directors are concerned about rising taxes, greater bureaucracy, and a shortage of skilled workers.
Almost one in two German medium-sized businesses are considering closure or moving abroad, citing too much red tape and higher taxes.
The damning indictment of Germany’s business climate was revealed in a survey conducted by the Federal Association of Medium-Sized Businesses (BVMW).
According to the poll, 26 percent of all medium-sized company directors across Europe’s powerhouse have considered shutting down their business, while 22 percent have expressed interest in moving their operations abroad.
Directors cited a constant stream of new regulations hindering their ability to operate in Germany and a hefty tax burden, as the two main reasons for their dissatisfaction.