Merz appoints Martin Blessing as Commissioner for Foreign Investment

German Chancellor Friedrich Merz has appointed experienced banker Martin Blessing as government commissioner for foreign investment.

Blessing headed Commerzbank from 2008 to 2016 and, according to the chancellor, has exceptional contacts and experience that could help increase Germany's attractiveness to investors.

Reviving economic growth is a key priority for Merz after two years of recession. Berlin emphasizes that more private capital is needed to support the planned increase in public spending.

The number of foreign investment projects in Germany has fallen for the third year in a row, and the government wants to reverse this trend.

In times of growing global uncertainty and US protectionism, Germany is striving to present itself as a stable and predictable location for international investors.

(reuters, sab)