[HIGHLIGHTS] BDI President criticizes blockade of growth law as “catastrophic”

BDI President criticizes blockade of growth law as “catastrophic”. Industry President Russwurm is worried about the signaling effect.

Bavaria's Prime Minister Markus Söder has already announced that Bavaria will "under no circumstances" agree to the package in its current form in the Federal Council. The growth package provides tax relief for companies until 2028 and an acceleration of approval processes. However, the volume of relief is expected to fall from the planned seven billion euros annually to three billion euros.