On February 24, the German Chemical Industry Association (VCI) called on the country's main political parties to form a coalition government as soon as possible after the election on February 23 to promote the development of Germany's economy and industry.
VCI Chairman and Covestro CEO Simon Smith said on February 24:"Economic problems can be solved with a clear vision and a responsible government. We hope that negotiations between ruling coalitions should be conducted in a constructive and responsible manner, with a focus on national interests and economy. In this context, the uncertainty about the future of chemical companies must now be cleared." Germany is losing its edge in international competition due to domestic structural problems and geopolitical challenges, VCI said. The association called for initiating central reforms during the first 100 days of the new legislative period . He stressed: "The chemical industry needs fundamental renewal to provide a real new starting point for industry and innovation. This includes continuing to reduce bureaucracy, providing competitive energy prices and reducing corporate taxes."
The VCI also called on the next German government to rebuild the country's "leadership role" in the European Commission and beyond. "Politicians must now deliver on their promises-pragmatic, ideologically freedom and willing to compromise," Mr Silverman said. This is the only way for Germany to remain its industrial charm."
The preliminary results of the Bundestag election announced by the German Federal Election Commission in the early hours of February 24 show that the Alliance Party with CDU President Friedrich Merz as the candidate for prime minister won the election. The CDU is expected to form a coalition with Social Democrats led by outgoing Prime Minister Olaf Scholz's, and this coalition of reforming a government is due to take months.
