00 | 2013 – 09.05.2013
Dear readers of CCI International Newsletter,
This newsletter is edited by the Frankfurt am Main Chamber of Commerce and Industry (CCI).
The Frankfurt am Main CCI does its best to ensure the success of all companies in this region. More particularly, the CCI is the first port of call for inquiries from international companies located in the region about business matters and for inquiries from foreign investors about the FrankfurtRheinMain location.
You will find comprehensive information in English on the Internet site of the Frankfurt am Main CCI that gives you an overview of the economic structure in FrankfurtRheinMain and also explains the main legal framework conditions for running a business.
International Business in FrankfurtRheinMain
Possibly your place of birth is not in FrankfurtRheinMain and your native language is not German. Probably your job is at one of the many thousand companies in FrankfurtRheinMain likely that have an international origin. If that is so, you are a member of a significantly numerous group of internationals in this region. We at the CCI hope that you may find this newsletter useful for keeping touch with developments and people in Frankfurt and the region.
For Internationals, “Home” is a difficult concept. May we begin with pointing out that the towns in FrankfurtRheinMain make an effort to keep in touch with the places where you may come from. By all means, there is hardly a region in Europe with more International Twin Cities. There are 649 Twin Cities in 44 Countries around the globe: FrankfurtRheinMain region belongs to the best connected ones in Europe. See below: Numbers of twin cities in Europe and Middle East
INTERNATIONAL BUSINESS IN FrankfurtRheinMain
New twin city in Turkey
Eskisehir, around 700,000 inhabitants and located between Ankara and Istanbul, is the 16th Twin city of Frankfurt. Lord Mayor Peter Feldmann (SPD) and his counterpart in the Turkish province capital signed an agreement. Frankfurt is the home of 40.000 Turkish nationals.
Science City FRM FrankfurtRhineMain
Innovation and education are the key factors for future growth and competitiveness. The metropolitan region of FrankfurtRheinMain, internationally known as financial and logistics center, has made his way to position itself as a knowledge and science region. The initiative “Knowledge Region” now presents the “Knowledge Atlas” and the “intellectual capital” in a new edition. In the “Knowledge Atlas 2012” the strengths of the knowledge region in all its facets, starting with the care situation of young children and reporting about numbers and variety of endowed chairs up to clusters and network initiatives. The “Intellectual Capital 2012”, as a strategic tool of regional development, compares the region with ten other German metropolitan regions.
You can order the brochures by phone 069 25771251
International Stammtisch – Meet & Mingle in Mainhattan
On the first Monday of the month, the International Stammtisch invites all Newcomers to an After-work Party in the English Theatre. Each month, the International Stammtisch welcomes you to an informative, interesting and above all international evening. The organizers present the best the city has to offer, its museums, culture, music, international clubs… There will be food, drinks and a friendly atmosphere.
International Stammtisch is an initiative of the City of Frankfurt, the Frankfurt Chamber of Commerce, the English Theatre, Frankfurt International School, ISF Internationale Schule Frankfurt-Rhein-Main, Deutsch-Britische Gesellschaft e.V. and Newcomers-Network.de.
All events take place in SilversBar (formerly James the Bar) at the English Theatre, Gallusanlage 7 (corner of Kaiserstraße), 60329 Frankfurt.
The next event will take place on June 10th 2013.
Global Business Week 2013
The Frankfurt Global Business Week (22nd to 26th April) brought together leading politicians and businessmen of FrankfurtRheinMain and other regions around the globe. The FrankfurtRheinMain region is the third largest metropolitan region in Germany and has already become one of the most attractive and competitive regions in Europe. Discussion topics included the launch event "FrankfurtRheinMain - What can the region expect from our politicians" and "A view from the region on business development".
The conference on "competition between metropolitan regions" is held annually at the Chamber of Commerce and Industry Frankfurt. Conference languages are German and English.
African Business Week
This year’s Africa Business Week (22nd to 26th April) was a great success with some 1.500 participants from all parts of Africa. More than 40 workshops and conference meetings took place in the Franfurt am Main CCI. The ABW is the only weekly conference in Europe with a focus on business cooperation between Africa and Europe. More than 30 African States had sent delegations, amongst them members of government from Botsuana, Gabun, Ghana, Malawi, Nigeria and Sudan.
German Federal Minister for Economic Cooperation and Development Dirk Niebel presented the government‘s new program "Afrika Invest" for small and medium sized German companies. The program rounds off other initiatives like develoPPP and feasability studies.
The Africa Business Week is organized by Afrika-Verein der deutschen Wirtschaft and Maleki Group.
Skyscraper Festival 25 + 26 May 2013 in Frankfurt
The “Frankfurt Skyscraper Festival” will take place again in the middle of the financial district. Frankfurt and its guests will celebrate on the weekend 25th and 26th of May 2013 a big street party with attractions for participators and spectators. Everybody has the opportunity to get on the top floors of skyscrapers. A total of 80,000 free tickets are available only online.
On both days, the Frankfurt CCI invites representatives of member companies to a guided tour in the CCI building at Börsenplatz in the centre of Frankfurt.
German-Italian Economic Forum 18th June 2013
On 18th June 2013, the Italian Chamber of Commerce for Germany and the Maleki Group invite you to take part in the German-Italian Economic Forum in the Frankfurt Marriott Hotel.
For more information http://www.itkam.org/IT/pdf/Congresso_Italo_Tedesco.pdf
Economic Debating Club
Is the market the new "god" of the 21st century or just another "golden calf"? Is the rate of interest as important as central banks want us to believe? Who benefits from globalization? Is economic growth still necessary in an affluent society? These are amongst the issues members of the general public can discuss in a course at the Volkshochschule Frankfurt. You do not need to be an economist to participate. If you are interested in how the "real world" works and on which theories this is based, come for a series of lively discussion evenings.
Single Euro Payments Area (SEPA)
From 2014, all European payments will change to a consistent payment area under the name of SEPA (Single Euro Payments Area). The 22-digit International Bank Account Number (IBAN) then replaces the traditional account number and bank routing number and is mandatory for both credit transfers and direct debits.
With SEPA companies use uniform procedures and formats for all transactions. Thus, the accounting for Euro payments is concentrated on one account and Euro accounts in other countries are superfluous. Additionally, the SEPA process reduces the expense of customer data management by using uniform data such as IBAN and BIC of all European business partners. Moreover, the new SEPA provides the ability to better control cash flows and liquidity by introducing a specific due date.
Companies should prepare the migration to the SEPA system as soon as possible, because the deadline is only eight month away. Professional and technical adjustments are necessary in companies processes and software systems. For example, all forms, documents and letters are required to check for changes and accounting must adapt in the master data for customers and vendors.
Please contact your bank.
German CCI Newsletter
You want to receive the weekly German language newsletter of Frankfurt am Main CCI?
OTHER USEFULL ITEMS
Question of the Month
Why do the Frankfurt CCI and German Stock Exchange share a joint building?
The location of the CCI in the middle of the Frankfurt am Main financial metropolis has a long tradition. When the CCI was founded in 1808, the Prince Primate of the Confederation of the Rhine, Karl Theodor Freiherr von Dalberg, determined that the CCI also had to manage the business of the stock exchange, which had been in existence since 1585. As a result, the CCI was also responsible for the new building at the location of the stock exchange in 1879. Since 1991, the CCI has no longer been the legal financing body of the Frankfurt securities exchange.
Adult education in English at the VHS
The Volkshochschule (VHS) Frankfurt am Main is the biggest provider of courses for adults in the FrankfurtRheinMain region. As a municipal college, partially subsidised by the City of Frankfurt, the VHS provide courses in many subject areas such as creative skills, health, sport, languages, computing, business & social skills, leisure and self -development.
Out of the 3000 courses per year, there are around 30 courses and events each semester in English – for those who are learning English and those who speak English better than German!
Download the current “VHS speaks English” flyer here:
© IHK Frankfurt am Main, 2013
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Internet- und Newsletter-Redaktion
Michael Krämer, Carmela Mudulu,
Content Management Internet
Fon: +49 69 2197-1499
Fax: +49 69 2197-1488
60313 Frankfurt am Main
Fon: +49 69 2197-1283
Fax: +49 69 2197-1490
Verantwortlich im Sinn von § 55 Abs. 2 Rundfunkstaatsvertrag:
60313 Frankfurt am Main
Fon: +49 69 2197-1201
Fax: +49 69 2197-1488
Prof. Dr. Mathias Müller
60313 Frankfurt am Main
Fon: +49 69 2197-1285
Fax: +49 69 2197-1490