February 14, 2019 / 9:36 AM / 7 months ago

German companies face difficulties in preparing for Brexit: DIHK

BERLIN (Reuters) - German businesses have to navigate without a compass and are facing difficulties in preparing for Brexit only one month ahead of Britain’s departure from the European Union, Germany’s DIHK Chambers of Commerce said on Thursday.

Results of a survey among 1,500 companies with business ties to Britain show that for German companies, additional charges caused by tariff bureaucracy are considered the highest risk factor, DIHK said in statement.

It said only one in five surveyed companies said their business in Britain was going well, while 70 percent expected it to worsen in 2019.

Reporting by Tassilo Hummel, editing by Riham Alkousaa

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