• Market Climate
  • Economic framework
  • Regulatory framework for the energy industry
  • Energy markets
  • Market position of the
    MVV Energie Group
• Earnings
• Earnings Performance of Major Shareholdings
• Investments and Financing
• Value-Based Management
• Risk Report
• Research and Development
• Outlook

Economic framework

The economic upturn in the European Union has been maintained in the course of 2005. The European statistics office Eurostat expects the gross domestic product (GDP) of the 25 member states to grow by 2.0% in 2005 and by 2.3% in 2006. It remains to be seen whether any possible further increase in oil prices will, as widely feared, dampen this growth.

Following a period of stagnation in the second quarter of 2005, the German economy is growing once again. There will be a slight increase in GDP for the overall year; according to the Autumn Survey of the six leading German economic research institutes, this growth will amount to around 0.8%. Significantly more positive economic developments have been seen in our foreign target markets of the Czech Republic and Poland. Eurostat has forecast GDP growth of 4.4% for Poland and of 4.0% for the Czech Republic. In general, however, macroeconomic developments are of less significance to the MVV Energie Group than weather conditions.