on 123fahrschule SE (isin : DE000A2P4HL9)
123fahrschule Advances Digitization Despite Political Uncertainties
Cologne-based 123fahrschule SE continues its commitment to digitize driving school training amidst recent political challenges in Germany. The digitally focused driving school chain confirmed that the amendments in driving school training will proceed as planned, regardless of the recent government coalition rupture.
The Federal Ministry for Digital and Transport (BMDV) presented crucial changes that require only the Bundesrat's approval, ensuring new elections won't impede progress. These amendments, driven by cross-party agreements, aim to significantly lower driving license costs for German citizens, offering potential savings of up to €1 billion annually.
Boris Polenske, CEO of 123fahrschule, highlighted the unanimous political support for reducing driving license costs. The company remains optimistic about implementing these changes within the current legislative period, thanks to steady leadership in the Ministry of Transport.
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