The widely watched investor confidence index calculated by the ZEW economic institute jumped 13.5 points to 48.4 points in January, its highest level in 11 months, ZEW said in a statement.
"The new year started with turmoil in the capital markets. News of the upcoming parliamentary elections in Greece and the Swiss National Bank's decision to abandon the euro cap on the franc's value have led to strong stock market fluctuations," said ZEW president Clemens Füst.
"However, this seems not to have impressed ZEW's financial market experts with regard to their expectations for the German economy. Instead, decreasing crude oil prices and a depreciating euro have contributed to a further gain of the indicator," Füst said.
For the survey, ZEW questions analysts and institutional investors about their current assessment of the economic situation in Germany, as well as their expectations for the coming months.
The sub-index measuring financial market players' view of the current economic situation in Germany jumped by 12.4 points to 22.4 points in January.
A frequent criticism of the ZEW index is that it can be volatile and is therefore not always reliable.
GERMANY
German investor sentiment bucks worries
Investment sentiment in Germany, Switzerland's biggest trade partner, rose for the third month in a row in January, shrugging off the market turmoil sparked by the Greek political crisis and the Swiss franc shock, a survey found on Tuesday.
GERMANY
Germany cracks down on fake Covid vaccine documents
German police have set up a special team to fight a growing number of forged vaccine certificates being sold in the black market
Police in Cologne have warned of a group of fraudsters selling fake vaccination certificates, a growing problem the scale of which is still unclear.
The police said the fraudsters worked in encrypted Telegram chats, making investigations difficult, and were selling fake documents with all the stamps and signatures, including a mark about vaccination with BioNTech or AstraZeneca.
READ ALSO: Germany probes Covid-19 testing centres for fraud
The fraud involved both real traffic in fake documents as well as scams luring customers into paying €100.
People in Germany who are fully vaccinated can show their vaccination booklet, which has a stamp and a sticker inside. Those who don’t have a booklet get a piece of paper.
Covid health passes are currently being rolled out across the EU, with a European health passport expected to be available from mid-June.
READ ALSO: What’s the latest on how the EU’s ‘Covid passports’ will work for travellers?
Over 44% of the adult population in Germany has received at least one dose of the Covid-19 vaccine, and more than 18% of Germans have been fully vaccinated.
German police have said forged coronavirus vaccine documents are becoming an increasing problem.
Last month, a couple in Baden-Württemberg was accused of selling fake coronavirus vaccination certificates.
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