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Dear Readers,
You may have heard about the European Union’s recent decision to locate its new Anti-Money Laundering Authority (AMLA) in Frankfurt. The new authority will work together with the European Central Bank at one place in Frankfurt to boost the european financial system. I think this news says a lot about our state as continental Europe’s primer financial center. The city’s strategic location at the heart of Germany and Europe, its large pool of professional talent make it an excellent choice for the EU’s new enforcer in the fight against money laundering and terrorism financing.
I invite you to learn more about AMLA and these other recent developments in the state of Hessen:
Volkswagen will produce hydrogen for aluminum smelting at its Kassel plant in Baunatal starting in 2025 – a first for the company and the automotive industry.
Crane Worldwide Logistics is expanding its footprint in Frankfurt, opening a new warehouse in Ginsheim-Gustavsburg, close to Frankfurt Airport.
Chery, one of China’s leading carmakers, begins a major expansion of its development center in Raunheim near Frankfurt.
Sandbox VR, a virtual reality startup, is opening ten new locations across Germany, promising job growth and investment in the state.
I hope you find these updates useful. If you have any questions or are interested in Hessen as a location for your business, please don’t hesitate to contact us. We’d be happy to assist you in whatever way we can.
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