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German medium-sized companies cannot find successors

by Edie Jenkins

Reading time: 4 mins

10.04.2023 10:00

For decades, medium-sized enterprises have been the pillar of state prosperity and at the same time the engine of innovation, technology and the economy. But the number of start-ups has been declining for years. At the same time, the problem of succession is aggravated by demographic developments.

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No successor, no medium-sized companies: entrepreneurs can't find anyone to take over

Christian Lindner (FDP), Federal Minister of Finance, speaks at the Future Day for SMEs, the 2023 congress and annual reception of the Federal Association of SMEs (BVMW). (Photo: dpa)

Photo: Bernd von Jutrczenka

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