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German small and mid-size companies confident, plan expansion despite crisis

AFP
October 10, 2012, 12:30 am TWN

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FRANKFURT -- Small and medium-sized companies in Germany, which form the main backbone of Europe's top economy, remain confident despite the crisis and are planning to expand abroad, a new study found on Tuesday.

The KfW Bank, a state-owned development bank, and the credit information group Creditreform found in a survey of 3,600 SMEs (small and medium-sized enterprises) that 64 percent of exporting companies were planning to expand their exports by 2015.

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