P.M. BRIEFING : Bonn Pushes Investment in East
The German government, tacitly acknowledging that eastern Germany is still failing to attract the investment it desperately needs, appealed to businessmen today to start injecting capital into the region.
Chancellor Helmut Kohl told foreign diplomats in Bonn he was convinced that the five new states of what was East Germany will soon make significant economic progress and begin catching up with the wealthier states of western Germany.
“Anyone who invests there takes part in the internal European market and in a region in which high growth rates can be expected in the next few years,” Kohl said at his first reception for the diplomatic corps since he became leader of the united Germany Oct. 3. “We appeal specifically to foreign investors to seize this opportunity.”
Kohl has also invited leading businessmen, industrialists, trade unionists and members of the five new state governments to talks Monday on development in the region.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
