{"id":2195,"date":"2016-05-10T03:48:21","date_gmt":"2016-05-10T01:48:21","guid":{"rendered":"https:\/\/gfk-cfs.de\/?page_id=2195"},"modified":"2026-10-24T16:13:28","modified_gmt":"2026-10-24T14:13:28","slug":"home","status":"publish","type":"page","link":"https:\/\/gfk-cfs.de\/en\/","title":{"rendered":"Home"},"content":{"rendered":"<p><div class=\"fusion-bg-parallax\" data-bg-align=\"center center\" data-direction=\"down\" data-mute=\"false\" data-opacity=\"100\" data-velocity=\"-0.1\" data-mobile-enabled=\"false\" data-break_parents=\"0\" data-bg-image=\"https:\/\/gfk-cfs.de\/media\/home-hero.jpg\" data-bg-repeat=\"false\" data-bg-gradient-type=\"linear\" data-bg-gradient-angle=\"180\" data-bg-gradient-start-color=\"rgba(24,63,121,0.3)\" data-bg-gradient-start-position=\"0\" data-bg-gradient-end-color=\"rgba(24,63,121,0.3)\" data-bg-gradient-end-position=\"100\" data-bg-radial-direction=\"center center\" ><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container fusion-parallax-down nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-animated\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-min-height:calc(100vh - 84px);--awb-min-height-medium:calc(100vh - 70px);--awb-background-image:linear-gradient(180deg, rgba(24,63,121,0.3) 0%,rgba(24,63,121,0.3) 100%),url(https:\/\/gfk-cfs.de\/media\/home-hero.jpg);;--awb-background-size:cover;--awb-flex-wrap:wrap;\" data-animationType=\"fadeIn\" data-animationDuration=\"1.0\" data-animationOffset=\"top-into-view\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-align-content-center fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_4_5 4_5 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:80%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.4%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.4%;--awb-width-medium:80%;--awb-order-medium:0;--awb-spacing-right-medium:2.4%;--awb-spacing-left-medium:2.4%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"--awb-text-color:#ffffff;--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;\"><h1 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;--fontSize:54;line-height:1.4;text-shadow:2px 2px 10px rgba(0,0,0,0.3);\">The Center for Financial Studies conducts <strong>independent research in important areas of finance<\/strong>.<\/h1><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:100px;--awb-padding-bottom:60px;--awb-padding-top-medium:70px;--awb-padding-bottom-medium:40px;--awb-padding-top-small:50px;--awb-padding-bottom-small:30px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-2 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#031d44;--awb-margin-top:5px;--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;--awb-margin-top-medium:0px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:40;line-height:1.2;\">Research Areas<\/h2><\/div><div class=\"fusion-text fusion-text-1\" style=\"--awb-text-transform:none;\"><p>The Center for Financial Studies conducts independent and internationally oriented research in important areas of Finance. It serves as a forum for dialogue between academia, policy-making institutions and the financial industry. It offers a platform for top-level fundamental research as well as applied research relevant for the financial sector in Europe.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_2_3 2_3 fusion-flex-column fusion-flex-align-self-stretch fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:66.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.88%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.88%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"--awb-flex-grow:0;--awb-flex-grow-medium:0;--awb-flex-grow-small:0;--awb-flex-shrink:0;--awb-flex-shrink-medium:0;--awb-flex-shrink-small:0;width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-0 fusion_builder_column_inner_1_2 1_2 fusion-flex-column fusion-flex-align-self-stretch fusion-column-inner-bg-wrapper home-box\" style=\"--awb-padding-top:15px;--awb-padding-right:20px;--awb-padding-bottom:15px;--awb-padding-left:20px;--awb-inner-bg-image:url(&#039;https:\/\/gfk-cfs.de\/media\/2021\/12\/Digital-Finance-box.jpg&#039;);--awb-inner-bg-position:right bottom;--awb-inner-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:10px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:3.84%;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:10px;--awb-spacing-left-medium:3.84%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/research\/digital-finance\/\" aria-label=\"Digital Finance\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-column-has-bg-image\" data-bg-url=\"https:\/\/gfk-cfs.de\/media\/2021\/12\/Digital-Finance-box.jpg\"><div class=\"fusion-title title fusion-title-3 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:#ffffff;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:0px;--awb-margin-left-small:0px;--awb-margin-top-medium:0px;--awb-margin-bottom-medium:0px;--awb-font-size:26px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;font-size:1em;--fontSize:26;line-height:1.3;\">Digital Finance<\/h3><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-1 fusion_builder_column_inner_1_2 1_2 fusion-flex-column fusion-flex-align-self-stretch fusion-column-inner-bg-wrapper home-box\" style=\"--awb-padding-top:15px;--awb-padding-right:20px;--awb-padding-bottom:15px;--awb-padding-left:20px;--awb-inner-bg-image:url(&#039;https:\/\/gfk-cfs.de\/media\/2021\/12\/Corporate-box.jpg&#039;);--awb-inner-bg-position:right bottom;--awb-inner-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:10px;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:3.84%;--awb-spacing-left-medium:10px;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/research\/corporate-finance-financial-markets\/\" aria-label=\"Corporate Finance &amp; Financial Markets\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-column-has-bg-image\" data-bg-url=\"https:\/\/gfk-cfs.de\/media\/2021\/12\/Corporate-box.jpg\"><div class=\"fusion-title title fusion-title-4 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:#ffffff;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:0px;--awb-margin-left-small:0px;--awb-margin-top-medium:0px;--awb-margin-bottom-medium:0px;--awb-font-size:26px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;font-size:1em;--fontSize:26;line-height:1.3;\"><p>Corporate<br \/>\nFinance &amp;<br \/>\nFinancial Markets<\/p><\/h3><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-2 fusion_builder_column_inner_1_2 1_2 fusion-flex-column fusion-flex-align-self-stretch fusion-column-inner-bg-wrapper home-box\" style=\"--awb-padding-top:15px;--awb-padding-right:20px;--awb-padding-bottom:15px;--awb-padding-left:20px;--awb-inner-bg-image:url(&#039;https:\/\/gfk-cfs.de\/media\/2021\/12\/Monetary-box.jpg&#039;);--awb-inner-bg-position:right bottom;--awb-inner-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:10px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:3.84%;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:10px;--awb-spacing-left-medium:3.84%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/research\/monetary-policy-financial-stability\/\" aria-label=\"Monetary Policy &amp; Financial Stability\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-column-has-bg-image\" data-bg-url=\"https:\/\/gfk-cfs.de\/media\/2021\/12\/Monetary-box.jpg\"><div class=\"fusion-title title fusion-title-5 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:#ffffff;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:0px;--awb-margin-left-small:0px;--awb-margin-top-medium:0px;--awb-margin-bottom-medium:0px;--awb-font-size:26px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;font-size:1em;--fontSize:26;line-height:1.3;\"><p>Monetary Policy &amp;<br \/>\nFinancial Stability<\/p><\/h3><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-3 fusion_builder_column_inner_1_2 1_2 fusion-flex-column fusion-flex-align-self-stretch fusion-column-inner-bg-wrapper home-box\" style=\"--awb-padding-top:15px;--awb-padding-right:20px;--awb-padding-bottom:15px;--awb-padding-left:20px;--awb-inner-bg-image:url(&#039;https:\/\/gfk-cfs.de\/media\/2021\/12\/Sustainable-box.jpg&#039;);--awb-inner-bg-position:right bottom;--awb-inner-bg-size:cover;--awb-width-large:50%;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:10px;--awb-width-medium:50%;--awb-order-medium:0;--awb-spacing-right-medium:3.84%;--awb-spacing-left-medium:10px;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/research\/sustainable-finance\/\" aria-label=\"Sustainable Finance\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-column-has-bg-image\" data-bg-url=\"https:\/\/gfk-cfs.de\/media\/2021\/12\/Sustainable-box.jpg\"><div class=\"fusion-title title fusion-title-6 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:#031d44;--awb-margin-top:0px;--awb-margin-bottom:0px;--awb-margin-top-small:0px;--awb-margin-right-small:0px;--awb-margin-bottom-small:0px;--awb-margin-left-small:0px;--awb-margin-top-medium:0px;--awb-margin-bottom-medium:0px;--awb-font-size:26px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;font-size:1em;--fontSize:26;line-height:1.3;\"><p>Sustainable<br \/>\nFinance<\/p><\/h3><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-animated\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:75px;--awb-padding-bottom:80px;--awb-padding-top-medium:60px;--awb-padding-bottom-small:60px;--awb-background-color:var(--awb-custom10);--awb-flex-wrap:wrap;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-right:20px;--awb-padding-left:20px;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:40px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-7 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:var(--awb-color8);--awb-margin-bottom:-25px;--awb-margin-left:5px;--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:-30px;--awb-margin-left-small:0px;--awb-margin-bottom-medium:-30px;--awb-margin-left-medium:-5px;--awb-font-size:26px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;font-size:1em;--fontSize:26;line-height:1.2;\">CFS Persons<\/h2><\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-flex-start fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"--awb-flex-grow:0;--awb-flex-grow-medium:0;--awb-flex-grow-small:0;--awb-flex-shrink:0;--awb-flex-shrink-medium:0;--awb-flex-shrink-small:0;width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-4 fusion_builder_column_inner_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-end fusion-content-layout-row fusion-flex-align-items-center\"><a class=\"fb-icon-element-1 fb-icon-element fontawesome-icon ico-cfsarrow-left circle-no fusion-text-flow fusion-link\" style=\"--awb-iconcolor:var(--awb-color8);--awb-iconcolor-hover:hsla(var(--awb-color8-h),var(--awb-color8-s),var(--awb-color8-l),calc(var(--awb-color8-a) - 50%));--awb-font-size:24px;--awb-margin-right:12px;\" href=\"#person-slider-prev\" target=\"_self\" aria-label=\"Link to #person-slider-prev\"><\/a><a class=\"fb-icon-element-2 fb-icon-element fontawesome-icon ico-cfsarrow-right circle-no fusion-text-flow fusion-link\" style=\"--awb-iconcolor:var(--awb-color8);--awb-iconcolor-hover:hsla(var(--awb-color8-h),var(--awb-color8-s),var(--awb-color8-l),calc(var(--awb-color8-a) - 50%));--awb-font-size:24px;--awb-margin-right:0px;\" href=\"#person-slider-next\" target=\"_self\" aria-label=\"Link to #person-slider-next\"><\/a><\/div><\/div><\/div><div class=\"fusion-post-cards fusion-post-cards-1 awb-carousel awb-swiper awb-swiper-carousel awb-swiper-dots-position-bottom\" style=\"--awb-dots-align:center;--awb-active-filter-border-size:3px;--awb-filters-height:36px;--awb-column-spacing-medium:20px;--awb-column-spacing-small:20px;\" data-post-type-label=\"posts\" data-autoplay=\"yes\" data-autoplayspeed=\"8000\" data-autoplaypause=\"yes\" data-loop=\"yes\" data-columns=\"4\" data-itemmargin=\"40\" data-itemmargin-medium=\"20\" data-itemmargin-small=\"20\" data-itemwidth=\"180\" data-touchscroll=\"drag_wheel\" data-freemode=\"no\" data-imagesize=\"auto\" data-scrollitems=\"1\" data-scrollitems-medium=\"0\" data-scrollitems-small=\"0\" data-mousepointer=\"default\" data-layout=\"carousel\" data-centeredslides=\"no\" data-shadow=\"no\" data-speed=\"800\" data-rotationangle=\"50\" data-depth=\"100\" data-columnsmedium=\"2\" data-columnssmall=\"1\" id=\"person-slider\"><div class=\"swiper-wrapper fusion-flex-align-items-stretch\"><div class=\"fusion_builder_column fusion-builder-column-4 fusion-flex-column fusion-column-inner-bg-wrapper post-card swiper-slide\" style=\"--awb-inner-bg-color:#f5f5f5;--awb-inner-bg-color-hover:var(--awb-color1);--awb-inner-bg-blend:overlay;--awb-inner-bg-size:cover;--awb-border-color:rgba(0,0,0,0.05);--awb-border-color-hover:rgba(0,0,0,0.08);--awb-border-top:1px;--awb-border-right:1px;--awb-border-bottom:1px;--awb-border-left:1px;--awb-border-style:solid;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-flex-grow-small:;--awb-flex-shrink-small:;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/about-us\/president-of-the-cfs\/\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-carousel-item-wrapper\"><div class=\"fusion-image-element\" style=\"--awb-aspect-ratio:1 \/ 1;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none has-aspect-ratio\"><img decoding=\"async\" width=\"520\" height=\"520\" title=\"A_Weber_500X500px\" src=\"https:\/\/gfk-cfs.de\/media\/A_Weber_500X500px.jpg\" class=\"img-responsive wp-image-8410 img-with-aspect-ratio\" data-parent-fit=\"cover\" data-parent-container=\".fusion-image-element\" alt srcset=\"https:\/\/gfk-cfs.de\/media\/A_Weber_500X500px-200x200.jpg 200w, https:\/\/gfk-cfs.de\/media\/A_Weber_500X500px-400x400.jpg 400w, https:\/\/gfk-cfs.de\/media\/A_Weber_500X500px.jpg 520w\" sizes=\"(max-width: 640px) 100vw, 520px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-2 fusion-text-no-margin\" style=\"--awb-content-alignment:left;--awb-font-size:14px;--awb-text-transform:uppercase;--awb-text-color:#707070;--awb-margin-top:20px;--awb-margin-right:20px;--awb-margin-bottom:5px;--awb-margin-left:20px;--awb-text-font-family:&quot;IBM Plex Sans&quot;;--awb-text-font-style:normal;--awb-text-font-weight:600;\"><p>CFS President<\/p>\n<\/div><div class=\"fusion-title title fusion-title-8 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:var(--awb-color8);--awb-margin-top:0px;--awb-margin-right:20px;--awb-margin-bottom:20px;--awb-margin-left:20px;--awb-margin-top-small:0px;--awb-margin-right-small:20px;--awb-margin-bottom-small:20px;--awb-margin-left-small:20px;--awb-font-size:20px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:400;margin:0;font-size:1em;--fontSize:20;--minFontSize:20;line-height:1.5;\">Prof. Axel A. Weber<\/h3><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;flex-grow:1;width:100%;\"><\/div><i class=\"fb-icon-element-3 fb-icon-element fontawesome-icon ico-cfslink circle-no\" style=\"--awb-iconcolor:var(--awb-color8);--awb-font-size:20px;--awb-align-self:flex-end;--awb-margin-top:0px;--awb-margin-right:20px;--awb-margin-bottom:20px;--awb-margin-left:0px;\"><\/i><\/div><\/div>\n<div class=\"fusion_builder_column fusion-builder-column-5 fusion-flex-column fusion-column-inner-bg-wrapper post-card swiper-slide\" style=\"--awb-inner-bg-color:#f5f5f5;--awb-inner-bg-color-hover:var(--awb-color1);--awb-inner-bg-blend:overlay;--awb-inner-bg-size:cover;--awb-border-color:rgba(0,0,0,0.05);--awb-border-color-hover:rgba(0,0,0,0.08);--awb-border-top:1px;--awb-border-right:1px;--awb-border-bottom:1px;--awb-border-left:1px;--awb-border-style:solid;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-flex-grow-small:;--awb-flex-shrink-small:;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/about-us\/cfs-honorary-president\/\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-carousel-item-wrapper\"><div class=\"fusion-image-element\" style=\"--awb-aspect-ratio:1 \/ 1;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-2 hover-type-none has-aspect-ratio\"><img decoding=\"async\" width=\"583\" height=\"400\" title=\"Otmar Issing\" src=\"https:\/\/gfk-cfs.de\/media\/Otmar-Issing-profil.jpg\" class=\"img-responsive wp-image-2125 img-with-aspect-ratio\" data-parent-fit=\"cover\" data-parent-container=\".fusion-image-element\" alt srcset=\"https:\/\/gfk-cfs.de\/media\/Otmar-Issing-profil-200x137.jpg 200w, https:\/\/gfk-cfs.de\/media\/Otmar-Issing-profil-400x274.jpg 400w, https:\/\/gfk-cfs.de\/media\/Otmar-Issing-profil.jpg 583w\" sizes=\"(max-width: 640px) 100vw, 583px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-3 fusion-text-no-margin\" style=\"--awb-content-alignment:left;--awb-font-size:14px;--awb-text-transform:uppercase;--awb-text-color:#707070;--awb-margin-top:20px;--awb-margin-right:20px;--awb-margin-bottom:5px;--awb-margin-left:20px;--awb-text-font-family:&quot;IBM Plex Sans&quot;;--awb-text-font-style:normal;--awb-text-font-weight:600;\"><p>CFS Honorary President<\/p>\n<\/div><div class=\"fusion-title title fusion-title-9 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:var(--awb-color8);--awb-margin-top:0px;--awb-margin-right:20px;--awb-margin-bottom:20px;--awb-margin-left:20px;--awb-margin-top-small:0px;--awb-margin-right-small:20px;--awb-margin-bottom-small:20px;--awb-margin-left-small:20px;--awb-font-size:20px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:400;margin:0;font-size:1em;--fontSize:20;--minFontSize:20;line-height:1.5;\">Prof. Dr. Dr. h.c. mult. Otmar Issing<\/h3><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;flex-grow:1;width:100%;\"><\/div><i class=\"fb-icon-element-4 fb-icon-element fontawesome-icon ico-cfslink circle-no\" style=\"--awb-iconcolor:var(--awb-color8);--awb-font-size:20px;--awb-align-self:flex-end;--awb-margin-top:0px;--awb-margin-right:20px;--awb-margin-bottom:20px;--awb-margin-left:0px;\"><\/i><\/div><\/div>\n<div class=\"fusion_builder_column fusion-builder-column-6 fusion-flex-column fusion-column-inner-bg-wrapper post-card swiper-slide\" style=\"--awb-inner-bg-color:#f5f5f5;--awb-inner-bg-color-hover:var(--awb-color1);--awb-inner-bg-blend:overlay;--awb-inner-bg-size:cover;--awb-border-color:rgba(0,0,0,0.05);--awb-border-color-hover:rgba(0,0,0,0.08);--awb-border-top:1px;--awb-border-right:1px;--awb-border-bottom:1px;--awb-border-left:1px;--awb-border-style:solid;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-flex-grow-small:;--awb-flex-shrink-small:;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/andreas-hackethal\/\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-carousel-item-wrapper\"><div class=\"fusion-image-element\" style=\"--awb-aspect-ratio:1 \/ 1;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-3 hover-type-none has-aspect-ratio\"><img decoding=\"async\" width=\"675\" height=\"450\" title=\"Andreas Hackethal_klein\" src=\"https:\/\/gfk-cfs.de\/media\/Andreas-Hackethal_klein-1.jpg\" class=\"img-responsive wp-image-4323 img-with-aspect-ratio\" data-parent-fit=\"cover\" data-parent-container=\".fusion-image-element\" alt srcset=\"https:\/\/gfk-cfs.de\/media\/Andreas-Hackethal_klein-1-200x133.jpg 200w, https:\/\/gfk-cfs.de\/media\/Andreas-Hackethal_klein-1-400x267.jpg 400w, https:\/\/gfk-cfs.de\/media\/Andreas-Hackethal_klein-1-600x400.jpg 600w, https:\/\/gfk-cfs.de\/media\/Andreas-Hackethal_klein-1.jpg 675w\" sizes=\"(max-width: 640px) 100vw, 675px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-4 fusion-text-no-margin\" style=\"--awb-content-alignment:left;--awb-font-size:14px;--awb-text-transform:uppercase;--awb-text-color:#707070;--awb-margin-top:20px;--awb-margin-right:20px;--awb-margin-bottom:5px;--awb-margin-left:20px;--awb-text-font-family:&quot;IBM Plex Sans&quot;;--awb-text-font-style:normal;--awb-text-font-weight:600;\"><p>Scientific Director<\/p>\n<\/div><div class=\"fusion-title title fusion-title-10 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:var(--awb-color8);--awb-margin-top:0px;--awb-margin-right:20px;--awb-margin-bottom:20px;--awb-margin-left:20px;--awb-margin-top-small:0px;--awb-margin-right-small:20px;--awb-margin-bottom-small:20px;--awb-margin-left-small:20px;--awb-font-size:20px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:400;margin:0;font-size:1em;--fontSize:20;--minFontSize:20;line-height:1.5;\">Prof. Dr. Andreas Hackethal<\/h3><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;flex-grow:1;width:100%;\"><\/div><i class=\"fb-icon-element-5 fb-icon-element fontawesome-icon ico-cfslink circle-no\" style=\"--awb-iconcolor:var(--awb-color8);--awb-font-size:20px;--awb-align-self:flex-end;--awb-margin-top:0px;--awb-margin-right:20px;--awb-margin-bottom:20px;--awb-margin-left:0px;\"><\/i><\/div><\/div>\n<div class=\"fusion_builder_column fusion-builder-column-7 fusion-flex-column fusion-column-inner-bg-wrapper post-card swiper-slide\" style=\"--awb-inner-bg-color:#f5f5f5;--awb-inner-bg-color-hover:var(--awb-color1);--awb-inner-bg-blend:overlay;--awb-inner-bg-size:cover;--awb-border-color:rgba(0,0,0,0.05);--awb-border-color-hover:rgba(0,0,0,0.08);--awb-border-top:1px;--awb-border-right:1px;--awb-border-bottom:1px;--awb-border-left:1px;--awb-border-style:solid;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-flex-grow-small:;--awb-flex-shrink-small:;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/rainer-klump\/\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-carousel-item-wrapper\"><div class=\"fusion-image-element\" style=\"--awb-aspect-ratio:1 \/ 1;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-4 hover-type-none has-aspect-ratio\"><img decoding=\"async\" width=\"2560\" height=\"1707\" title=\"Klump\" src=\"https:\/\/gfk-cfs.de\/media\/Klump-2-scaled.jpg\" class=\"img-responsive wp-image-9252 img-with-aspect-ratio\" data-parent-fit=\"cover\" data-parent-container=\".fusion-image-element\" alt srcset=\"https:\/\/gfk-cfs.de\/media\/Klump-2-200x133.jpg 200w, https:\/\/gfk-cfs.de\/media\/Klump-2-400x267.jpg 400w, https:\/\/gfk-cfs.de\/media\/Klump-2-600x400.jpg 600w, https:\/\/gfk-cfs.de\/media\/Klump-2-800x533.jpg 800w, https:\/\/gfk-cfs.de\/media\/Klump-2-1200x800.jpg 1200w, https:\/\/gfk-cfs.de\/media\/Klump-2-scaled.jpg 2560w\" sizes=\"(max-width: 640px) 100vw, 2560px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-5 fusion-text-no-margin\" style=\"--awb-content-alignment:left;--awb-font-size:14px;--awb-text-transform:uppercase;--awb-text-color:#707070;--awb-margin-top:20px;--awb-margin-right:20px;--awb-margin-bottom:5px;--awb-margin-left:20px;--awb-text-font-family:&quot;IBM Plex Sans&quot;;--awb-text-font-style:normal;--awb-text-font-weight:600;\"><p>Scientific Director<\/p>\n<\/div><div class=\"fusion-title title fusion-title-11 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:var(--awb-color8);--awb-margin-top:0px;--awb-margin-right:20px;--awb-margin-bottom:20px;--awb-margin-left:20px;--awb-margin-top-small:0px;--awb-margin-right-small:20px;--awb-margin-bottom-small:20px;--awb-margin-left-small:20px;--awb-font-size:20px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:400;margin:0;font-size:1em;--fontSize:20;--minFontSize:20;line-height:1.5;\">Prof. Dr. Rainer Klump<\/h3><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;flex-grow:1;width:100%;\"><\/div><i class=\"fb-icon-element-6 fb-icon-element fontawesome-icon ico-cfslink circle-no\" style=\"--awb-iconcolor:var(--awb-color8);--awb-font-size:20px;--awb-align-self:flex-end;--awb-margin-top:0px;--awb-margin-right:20px;--awb-margin-bottom:20px;--awb-margin-left:0px;\"><\/i><\/div><\/div>\n<div class=\"fusion_builder_column fusion-builder-column-8 fusion-flex-column fusion-column-inner-bg-wrapper post-card swiper-slide\" style=\"--awb-inner-bg-color:#f5f5f5;--awb-inner-bg-color-hover:var(--awb-color1);--awb-inner-bg-blend:overlay;--awb-inner-bg-size:cover;--awb-border-color:rgba(0,0,0,0.05);--awb-border-color-hover:rgba(0,0,0,0.08);--awb-border-top:1px;--awb-border-right:1px;--awb-border-bottom:1px;--awb-border-left:1px;--awb-border-style:solid;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-flex-grow-small:;--awb-flex-shrink-small:;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/persons\/board-members\/juergen-fitschen\/\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-carousel-item-wrapper\"><div class=\"fusion-image-element\" style=\"--awb-aspect-ratio:1 \/ 1;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-5 hover-type-none has-aspect-ratio\"><img decoding=\"async\" width=\"668\" height=\"506\" title=\"Fitschen-big\" src=\"https:\/\/gfk-cfs.de\/media\/Fitschen-big-1.jpg\" class=\"img-responsive wp-image-2099 img-with-aspect-ratio\" data-parent-fit=\"cover\" data-parent-container=\".fusion-image-element\" alt srcset=\"https:\/\/gfk-cfs.de\/media\/Fitschen-big-1-200x151.jpg 200w, https:\/\/gfk-cfs.de\/media\/Fitschen-big-1-400x303.jpg 400w, https:\/\/gfk-cfs.de\/media\/Fitschen-big-1-600x454.jpg 600w, https:\/\/gfk-cfs.de\/media\/Fitschen-big-1.jpg 668w\" sizes=\"(max-width: 640px) 100vw, 668px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-6 fusion-text-no-margin\" style=\"--awb-content-alignment:left;--awb-font-size:14px;--awb-text-transform:uppercase;--awb-text-color:#707070;--awb-margin-top:20px;--awb-margin-right:20px;--awb-margin-bottom:5px;--awb-margin-left:20px;--awb-text-font-family:&quot;IBM Plex Sans&quot;;--awb-text-font-style:normal;--awb-text-font-weight:600;\"><p>Chairman<\/p>\n<\/div><div class=\"fusion-title title fusion-title-12 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:var(--awb-color8);--awb-margin-top:0px;--awb-margin-right:20px;--awb-margin-bottom:20px;--awb-margin-left:20px;--awb-margin-top-small:0px;--awb-margin-right-small:20px;--awb-margin-bottom-small:20px;--awb-margin-left-small:20px;--awb-font-size:20px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:400;margin:0;font-size:1em;--fontSize:20;--minFontSize:20;line-height:1.5;\">J\u00fcrgen Fitschen<\/h3><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;flex-grow:1;width:100%;\"><\/div><i class=\"fb-icon-element-7 fb-icon-element fontawesome-icon ico-cfslink circle-no\" style=\"--awb-iconcolor:var(--awb-color8);--awb-font-size:20px;--awb-align-self:flex-end;--awb-margin-top:0px;--awb-margin-right:20px;--awb-margin-bottom:20px;--awb-margin-left:0px;\"><\/i><\/div><\/div>\n<div class=\"fusion_builder_column fusion-builder-column-9 fusion-flex-column fusion-column-inner-bg-wrapper post-card swiper-slide\" style=\"--awb-inner-bg-color:#f5f5f5;--awb-inner-bg-color-hover:var(--awb-color1);--awb-inner-bg-blend:overlay;--awb-inner-bg-size:cover;--awb-border-color:rgba(0,0,0,0.05);--awb-border-color-hover:rgba(0,0,0,0.08);--awb-border-top:1px;--awb-border-right:1px;--awb-border-bottom:1px;--awb-border-left:1px;--awb-border-style:solid;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-flex-grow-small:;--awb-flex-shrink-small:;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><span class=\"fusion-column-inner-bg hover-type-none\"><a class=\"fusion-column-anchor\" href=\"https:\/\/gfk-cfs.de\/en\/persons\/cfs\/volker-bruehl\/\"><span class=\"fusion-column-inner-bg-image\"><\/span><\/a><\/span><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column fusion-carousel-item-wrapper\"><div class=\"fusion-image-element\" style=\"--awb-aspect-ratio:1 \/ 1;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-6 hover-type-none has-aspect-ratio\"><img decoding=\"async\" width=\"600\" height=\"600\" alt=\"Prof. Dr. Volker Br\u00fchl\" title=\"Prof. Dr. Volker Br\u00fchl\" src=\"https:\/\/gfk-cfs.de\/media\/Bruehl-gross-2024.jpg\" class=\"img-responsive wp-image-11963 img-with-aspect-ratio\" data-parent-fit=\"cover\" data-parent-container=\".fusion-image-element\" srcset=\"https:\/\/gfk-cfs.de\/media\/Bruehl-gross-2024-200x200.jpg 200w, https:\/\/gfk-cfs.de\/media\/Bruehl-gross-2024-400x400.jpg 400w, https:\/\/gfk-cfs.de\/media\/Bruehl-gross-2024.jpg 600w\" sizes=\"(max-width: 640px) 100vw, 600px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-7 fusion-text-no-margin\" style=\"--awb-content-alignment:left;--awb-font-size:14px;--awb-text-transform:uppercase;--awb-text-color:#707070;--awb-margin-top:20px;--awb-margin-right:20px;--awb-margin-bottom:5px;--awb-margin-left:20px;--awb-text-font-family:&quot;IBM Plex Sans&quot;;--awb-text-font-style:normal;--awb-text-font-weight:600;\"><p>Managing Director<\/p>\n<\/div><div class=\"fusion-title title fusion-title-13 fusion-sep-none fusion-title-text fusion-title-size-three\" style=\"--awb-text-color:var(--awb-color8);--awb-margin-top:0px;--awb-margin-right:20px;--awb-margin-bottom:20px;--awb-margin-left:20px;--awb-margin-top-small:0px;--awb-margin-right-small:20px;--awb-margin-bottom-small:20px;--awb-margin-left-small:20px;--awb-font-size:20px;\"><h3 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:400;margin:0;font-size:1em;--fontSize:20;--minFontSize:20;line-height:1.5;\">Prof. Dr. Volker Br\u00fchl<\/h3><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;flex-grow:1;width:100%;\"><\/div><i class=\"fb-icon-element-8 fb-icon-element fontawesome-icon ico-cfslink circle-no\" style=\"--awb-iconcolor:var(--awb-color8);--awb-font-size:20px;--awb-align-self:flex-end;--awb-margin-top:0px;--awb-margin-right:20px;--awb-margin-bottom:20px;--awb-margin-left:0px;\"><\/i><\/div><\/div>\n<\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-10 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-right-small:20px;--awb-bg-size:cover;--awb-width-large:100%;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-flex-grow-small:;--awb-flex-shrink-small:;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div style=\"text-align:right;\"><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" target=\"_self\" href=\"https:\/\/gfk-cfs.de\/en\/about-us\/organization\/\"><span class=\"fusion-button-text awb-button__text awb-button__text--default\">Learn more<\/span><\/a><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 fusion-flex-container fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling newsbereich\" style=\"--awb-background-position:center top;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:90px;--awb-padding-right:0px;--awb-padding-bottom:140px;--awb-padding-left:0px;--awb-padding-top-medium:70px;--awb-padding-right-medium:20px;--awb-padding-bottom-medium:60px;--awb-padding-left-medium:20px;--awb-padding-top-small:60px;--awb-padding-bottom-small:50px;--awb-min-height:80px;--awb-background-image:url(&quot;https:\/\/gfk-cfs.de\/media\/bg_forschung.svg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-11 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-animated widget_pa\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-margin-top-large:0px;--awb-spacing-right-large:10px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-flex-grow-small:;--awb-flex-shrink-small:;--awb-spacing-right-small:1.92%;--awb-margin-bottom-small:40px;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-14 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;--awb-font-size:26px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:700;margin:0;font-size:1em;--fontSize:26;line-height:1.2;\"><i class=\"fb-icon-element-9 fb-icon-element fontawesome-icon ico-cfsfile circle-no fusion-text-flow\" style=\"--awb-iconcolor:var(--awb-color8);--awb-iconcolor-hover:var(--awb-color8);--awb-font-size:32px;--awb-margin-top:-8px;--awb-margin-right:10px;--awb-margin-left:20px;\"><\/i> Working Papers<\/p><\/h2><\/div><div id=\"caf-post-layout-container\" class=\"caf-post-layout-container  filter-layout1 post-layout1  data-target-div1\" data-post-type=\"post\" data-tax=\"category\" data-terms=\"category___119\" data-per-page=\"3\" data-selected-terms=\"category___119\" data-filter-id=\"13025\" data-caf-analytics-enabled=\"0\" data-post-layout=\"post-layout1\" data-filter-layout=\"filter-layout1\" data-target-div=\"data-target-div1\" data-relation=\"IN\" data-default-term=\"category___119\" data-scroll=\"disabled\" data-scroll-desk=\"-100\" data-scroll-mob=\"-100\" current-post-id=\"2195\" data-order-by=\"date\" data-order-type=\"desc\" active-filters=\"on\" active-filters-style=\"without_tax\"><div class='caf-active-filters'><ul><\/ul><\/div><div id='manage-ajax-response' class='caf-row'><div class=\"status\"><i class=\"fa fa-spinner\" aria-hidden=\"true\"><\/i><\/div><div class=\"content\"><\/div><\/div><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;flex-grow:1;width:100%;\"><\/div><div style=\"text-align:right;\"><a class=\"fusion-button button-flat button-xlarge button-default fusion-button-default button-2 fusion-button-default-span fusion-button-default-type fusion-menu\" target=\"_self\" href=\"https:\/\/gfk-cfs.de\/en\/working-papers\/\"><span class=\"fusion-button-text awb-button__text awb-button__text--default\">All Working Papers<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-12 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-margin-top-large:0px;--awb-spacing-right-large:10px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:10px;--awb-width-medium:100%;--awb-order-medium:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-flex-grow-small:;--awb-flex-shrink-small:;--awb-spacing-right-small:1.92%;--awb-margin-bottom-small:40px;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-15 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;--awb-font-size:26px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:700;margin:0;font-size:1em;--fontSize:26;line-height:1.2;\"><i class=\"fb-icon-element-10 fb-icon-element fontawesome-icon ico-cfscalendar circle-no fusion-text-flow\" style=\"--awb-iconcolor:var(--awb-color8);--awb-iconcolor-hover:var(--awb-color8);--awb-font-size:32px;--awb-margin-top:-8px;--awb-margin-right:10px;--awb-margin-left:20px;\"><\/i> Events<\/p><\/h2><\/div><div id=\"caf-post-layout-container\" class=\"caf-post-layout-container  filter-layout1 post-layout1  data-target-div2\" data-post-type=\"post\" data-tax=\"category\" data-terms=\"category___68\" data-per-page=\"3\" data-selected-terms=\"category___68,category___79,category___78,category___77\" data-filter-id=\"1053\" data-caf-analytics-enabled=\"0\" data-post-layout=\"post-layout1\" data-filter-layout=\"filter-layout1\" data-target-div=\"data-target-div2\" data-relation=\"IN\" data-default-term=\"category___68\" data-scroll=\"disabled\" data-scroll-desk=\"100\" data-scroll-mob=\"-100\" current-post-id=\"2195\" data-order-by=\"date\" data-order-type=\"desc\" active-filters=\"on\" active-filters-style=\"without_tax\"><div class='caf-active-filters'><ul><\/ul><\/div><div id='manage-ajax-response' class='caf-row'><div class=\"status\"><i class=\"fa fa-spinner\" aria-hidden=\"true\"><\/i><\/div><div class=\"content\"><\/div><\/div><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;flex-grow:1;width:100%;\"><\/div><div style=\"text-align:right;\"><a class=\"fusion-button button-flat button-xlarge button-default fusion-button-default button-3 fusion-button-default-span fusion-button-default-type\" style=\"--awb-margin-top:auto;\" target=\"_self\" href=\"\/en\/events\"><span class=\"fusion-button-text awb-button__text awb-button__text--default\">All Events<\/span><\/a><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-13 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:10px;--awb-width-medium:100%;--awb-order-medium:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-flex-grow-small:;--awb-flex-shrink-small:;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-16 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;--awb-font-size:26px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:700;margin:0;font-size:1em;--fontSize:26;line-height:1.2;\"><i class=\"fb-icon-element-11 fb-icon-element fontawesome-icon ico-cfsinfo circle-no fusion-text-flow\" style=\"--awb-iconcolor:var(--awb-color8);--awb-iconcolor-hover:var(--awb-color8);--awb-font-size:32px;--awb-margin-top:-8px;--awb-margin-right:10px;--awb-margin-left:20px;\"><\/i> News<\/p><\/h2><\/div><div id=\"caf-post-layout-container\" class=\"caf-post-layout-container  filter-layout1 post-layout1  data-target-div3\" data-post-type=\"post\" data-tax=\"category\" data-terms=\"category___80,category___84,category___83\" data-per-page=\"3\" data-selected-terms=\"category___80,category___84,category___83\" data-filter-id=\"1046\" data-caf-analytics-enabled=\"0\" data-post-layout=\"post-layout1\" data-filter-layout=\"filter-layout1\" data-target-div=\"data-target-div3\" data-relation=\"IN\" data-default-term=\"all\" data-scroll=\"disabled\" data-scroll-desk=\"100\" data-scroll-mob=\"-100\" current-post-id=\"2195\" data-order-by=\"date\" data-order-type=\"desc\" active-filters=\"on\" active-filters-style=\"without_tax\"><div class='caf-active-filters'><ul><\/ul><\/div><div id='manage-ajax-response' class='caf-row'><div class=\"status\"><i class=\"fa fa-spinner\" aria-hidden=\"true\"><\/i><\/div><div class=\"content\"><\/div><\/div><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;flex-grow:1;width:100%;\"><\/div><div style=\"text-align:right;\"><a class=\"fusion-button button-flat button-xlarge button-default fusion-button-default button-4 fusion-button-default-span fusion-button-default-type\" target=\"_self\" href=\"\/en\/news\"><span class=\"fusion-button-text awb-button__text awb-button__text--default\">All News<\/span><\/a><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-5 fusion-flex-container hundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-no-small-visibility fusion-no-medium-visibility fusion-absolute-container fusion-absolute-position-small fusion-absolute-position-medium fusion-absolute-position-large\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-right:0px;--awb-padding-left:0px;--awb-margin-top:-60px;--awb-min-height:60px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-14 fusion_builder_column_1_2 1_2 fusion-flex-column fusion-flex-align-self-stretch\" style=\"--awb-bg-color:#183f79;--awb-bg-color-hover:#183f79;--awb-bg-size:cover;--awb-width-large:50%;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:0px;--awb-spacing-left-large:0px;--awb-width-medium:50%;--awb-order-medium:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-order-small:0;--awb-flex-grow-small:;--awb-flex-shrink-small:;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-6 fusion-flex-container fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling chartcontainer\" style=\"--awb-background-position:center bottom;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-bottom:60px;--awb-padding-top-medium:70px;--awb-padding-bottom-medium:60px;--awb-padding-top-small:50px;--awb-padding-bottom-small:40px;--awb-background-color:#183f79;--awb-background-image:url(&quot;https:\/\/gfk-cfs.de\/media\/iStock-838241784-2-3.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-15 fusion_builder_column_1_2 1_2 fusion-flex-column fusion-animated\" style=\"--awb-bg-size:cover;--awb-width-large:50%;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-margin-top-large:0px;--awb-spacing-right-large:3.84%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:3.84%;--awb-width-medium:100%;--awb-order-medium:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-flex-grow-small:;--awb-flex-shrink-small:;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-17 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#ffffff;--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;--awb-margin-top-medium:0px;--awb-font-size:26px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"font-family:&quot;IBM Plex Sans&quot;;font-style:normal;font-weight:300;margin:0;font-size:1em;--fontSize:26;line-height:1.2;\">CFS Index<\/h2><\/div> <div class=\"brlbs-cmpnt-container brlbs-cmpnt-content-blocker brlbs-cmpnt-with-individual-styles\" data-borlabs-cookie-content-blocker-id=\"visualizer\" data-borlabs-cookie-content=\"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\"><div class=\"_brlbs-content-blocker\" style=\"position:relative;\"> <img decoding=\"async\" src=\"https:\/\/gfk-cfs.de\/media\/index-preview3.jpg\" width=\"100%\" alt=\"\"> <div class=\"_brlbs-default\" style=\"position: absolute;top: 0px;height: 100%; width: 100%;display: flex; align-items: center;justify-content: center;flex-direction: column;background: none; color: #183f79; padding:50px 80px;\"> <p style=\"text-align:center;margin-bottom:15px;color:#fff!important;line-height:1.4;\">The CFS Index Chart uses technology from <strong>Google<\/strong>. To view the chart, click on the button below. Please note that this involves the sharing of data with third parties.<\/p> <p style=\"text-align:center;\"> <a class=\"brlbs-cmpnt-cb-btn consentlink2\" href=\"#\" data-borlabs-cookie-unblock role=\"button\" style=\"margin-bottom:10px;\">Unblock content<\/a> <a class=\"brlbs-cmpnt-cb-btn consentlink2\" href=\"#\" data-borlabs-cookie-accept-service role=\"button\" style=\"margin-bottom:10px; display: inherit\">Accept required service and unblock content<\/a> <\/p> <p > <a class=\"brlbs-cmpnt-cb-provider-toggle\" href=\"#\" data-borlabs-cookie-show-provider-information role=\"button\" style=\"color:var(--awb-color5);\">More Information<\/a> <\/p> <\/div> <\/div><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-text fusion-text-8\" style=\"--awb-font-size:18px;--awb-text-transform:none;--awb-text-color:#ffffff;\"><p>Last value: 107,1<\/p>\n<\/div><div class=\"fusion-text fusion-text-9\" style=\"--awb-font-size:18px;--awb-text-transform:none;--awb-text-color:#54b981;\"><p>Current value: 104,3<\/p>\n<\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row fusion-flex-align-items-stretch fusion-flex-content-wrap\" style=\"--awb-flex-grow:0;--awb-flex-grow-medium:0;--awb-flex-grow-small:0;--awb-flex-shrink:0;--awb-flex-shrink-medium:0;--awb-flex-shrink-small:0;width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-5 fusion_builder_column_inner_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:33.333333333333%;--awb-order-medium:0;--awb-spacing-right-medium:5.76%;--awb-spacing-left-medium:5.76%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-10\" style=\"--awb-font-size:14px;--awb-text-transform:none;--awb-text-color:rgba(255,255,255,0.5);\"><p>Last survey:<br \/>\n15. June &#8211; 22. June 2026<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-6 fusion_builder_column_inner_1_3 1_3 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:33.333333333333%;--awb-order-medium:0;--awb-spacing-right-medium:5.76%;--awb-spacing-left-medium:5.76%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-11\" style=\"--awb-font-size:14px;--awb-text-transform:none;--awb-text-color:rgba(255,255,255,0.5);\"><p>Next survey:<br \/>\ntbd<\/p>\n<\/div><\/div><\/div><\/div><div ><a class=\"fusion-button button-flat button-xlarge button-custom fusion-button-default button-5 fusion-button-default-span fusion-button-default-type\" style=\"--button_accent_color:#ffffff;--button_border_color:#ffffff;--button_accent_hover_color:#183f79;--button_border_hover_color:#ffffff;--button_border_width-top:1px;--button_border_width-right:1px;--button_border_width-bottom:1px;--button_border_width-left:1px;--button_gradient_top_color:rgba(255,255,255,0);--button_gradient_bottom_color:rgba(255,255,255,0);--button_gradient_top_color_hover:#ffffff;--button_gradient_bottom_color_hover:#ffffff;\" target=\"_self\" href=\"https:\/\/gfk-cfs.de\/en\/cfs-index\/\"><span class=\"fusion-button-text awb-button__text awb-button__text--default\">Further Information<\/span><\/a><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-7 fusion-flex-container fusion-parallax-none nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-background-position:center bottom;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-min-height-medium:400px;--awb-min-height-small:300px;--awb-background-image:url(&quot;https:\/\/gfk-cfs.de\/media\/iStock-838241784-1200x801.jpg&quot;);--awb-background-size:cover;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-8 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling fusion-animated\" style=\"--link_color: #183f79;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-top:60px;--awb-padding-bottom:60px;--awb-padding-top-medium:70px;--awb-padding-bottom-medium:40px;--awb-padding-top-small:50px;--awb-padding-bottom-small:30px;--awb-flex-wrap:wrap;\" data-animationType=\"fadeIn\" data-animationDuration=\"0.8\" data-animationOffset=\"top-into-view\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-justify-content-center fusion-flex-content-wrap\" style=\"max-width:1352px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-16 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-flex-grow-small:;--awb-flex-shrink-small:;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-title title fusion-title-18 fusion-sep-none fusion-title-text fusion-title-size-two\" style=\"--awb-text-color:#031d44;--awb-margin-top:5px;--awb-margin-top-small:10px;--awb-margin-right-small:0px;--awb-margin-bottom-small:10px;--awb-margin-left-small:0px;--awb-margin-top-medium:0px;\"><h2 class=\"fusion-title-heading title-heading-left fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:40;line-height:1.2;\">Main Supporters<\/h2><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-17 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-flex-grow:0;--awb-flex-shrink:0;--awb-margin-top-large:0px;--awb-spacing-right-large:0px;--awb-margin-bottom-large:20px;--awb-spacing-left-large:0px;--awb-width-medium:100%;--awb-order-medium:0;--awb-flex-grow-medium:;--awb-flex-shrink-medium:;--awb-spacing-right-medium:0px;--awb-spacing-left-medium:0px;--awb-width-small:100%;--awb-order-small:0;--awb-flex-grow-small:;--awb-flex-shrink-small:;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-image-carousel fusion-image-carousel-fixed fusion-image-carousel-1\"><div class=\"awb-carousel awb-swiper awb-swiper-carousel awb-carousel--carousel awb-swiper-dots-position-bottom\" data-layout=\"carousel\" data-autoplay=\"yes\" data-autoplayspeed=\"2500\" data-autoplaypause=\"no\" data-loop=\"yes\" data-columns=\"5\" data-columnsmedium=\"1\" data-columnssmall=\"1\" data-itemmargin=\"13\" data-itemwidth=\"180\" data-touchscroll=\"no\" data-freemode=\"no\" data-imagesize=\"fixed\" data-scrollitems=\"1\" data-centeredslides=\"no\" data-rotationangle=\"50\" data-depth=\"100\" data-speed=\"500\" data-shadow=\"no\" data-pagination=\"bullets\"><div class=\"swiper-wrapper awb-image-carousel-wrapper fusion-flex-align-items-center\"><div class=\"swiper-slide\"><div class=\"fusion-carousel-item-wrapper\"><div class=\"fusion-image-wrapper hover-type-none\"><img decoding=\"async\" width=\"300\" height=\"202\" src=\"https:\/\/gfk-cfs.de\/media\/DeutscheBankStiftung-2-300x202.png\" class=\"attachment-blog-medium size-blog-medium\" alt=\"\" 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