Studying Piano in a German Conservatory

[nipunm]

Hi all,
I'm a 22yo piano student and I wish to apply to a German Conservatory. Since the overall expense of studying there is quite low compared to other countries, it's no surprise that the selection procedure is very difficult to get through. As far as all the people in my knowledge are concerned, none of them know any details about the procedure. So it'd be nice if some of you could tell be about the following sections of the audition:
1. Performance: Just what level is a basic necessity to be able to get through? Now I know it's kinda foolish to ask this on a forum since just the repertoire isn't sufficient to guarantee selection. So let me put it this way: What's the minimum level of well prepared repertoire that would be good enough to play in an audition? It'd be nice if you could give some examples of sonatas (only beethoven pls) , preludes and fugues etc. If you can provide links to some really good performance videos it's be great!
2. Solfege: I know it isn't exactly solfege but we will be required to write down a short piece of music as it is played. It's only 6-8 bars long and the time sig isn't complicated either. But I don't know the format of this part of the audition. By that, I mean to ask, how many times is the piece played? And how much time (seconds, minutes, whatever) is given to the students to write it? I'm really worried about it since although I can manage it, I'm not the most proficient in this section, to put it lightly. If you have an idea about how this goes, please, help!
3. Sight reading: I'm not really a very good sight reader yet. I practice this for about 2 hours everyday and have made a lot of  improvement during the past few months. I started off with not being able to read even grade 2 pieces (yea.. you read that right. grade 2) but now I can manage grade 5-6 pieces. The problem is, I still can't play it at the speed that the piece is supposed to be played at. For example, if I start reading a bach's prelude and I see semiquavers in it, I'll only be able to play it properly at the tempo of 1 semiquaver=100. I don't have issues with not stopping, I don't make many mistakes at a comfortable tempo and a comfortable key sig (which for now is less than or equal to 3 flats or sharps) but I really want to know what would be an acceptable level of speed that the audition will require?
I still have 8.5 months to prepare for the audition so don't worry about sugar coating anything you write just so that I don't get disappointed. Just state plain truth. Replies are very very much appreciated. Thank you

[chopinlover01]

Since you so kindly formatted these, I'll answer these accordingly-
Performance: The school will probably give some guidelines as to what you are allowed to play. Usually it involves a Bach prelude and fugue or substantial concert work (suites or partitas), a classical sonata (lots of schools love Beethoven), and a work from the romantic period and/or the 20th century.
Some examples of the rep I just listed are below:
Bach P/F- The C minor of book one is a very well known one (I'm working on it right now and it's lovely), and one of the easier ones of the WTC. The D minor is also a lovely one.
Classical sonata- Since you mentioned Beethoven, I'm going to recommend his early works- The opus 14 sonatas are both wonderful pieces, as is his Pastoral sonata in D major (blanking on the sonata and opus number)
Romantic Work- Anything by Chopin, Liszt, Schumann, Schubert, and the rest of 'em. Here are some ideas; Chopin nocturnes (55/1, 32/1, 37/1), Liszt Consolations or Liebestraums (the former may be too technically simple for your purposes), Schumann Scenes from Childhood or Forest Scenes, Schubert Impromptus Opus 90 (any of them, though the C minor may be a bit long).
20th Century- This isn't my area of expertise, but Bartok is always a good choice here, as is Ginastera. For Bartok, I personally advocate the Bulgarian and Romanian dances- pieces in asymmetric meter. For Ginastera, the Danzon Argentina set is great- go ahead and choose one from there to suit your purposes.
Hope this helps!

[nipunm]

Thank you so much for your suggestions. 
Do you have any knowledge of the ear training part of the audition?
Your reply is very much appreciated.

[chopinlover01]

Apologies for the late reply. Memorial day vacation lasted longer than I thought~
The ear training part of it is usually considered the more difficult part. For my exams (which are modeled after the ABRSM, but are unique to my state), they had me tell the difference between major triads, minor triads, diminished traids, and augmented triads.
believe it or not, you can develop absolute pitch, which may help- the way I did it was to memorized the first pitch of a piece; for the note of "E" natural, for example, I used the first tone at the beginning of the Chopin Winter Wind etude. For "D", I used the opening motif of Rach 3. For "F", I used the Bach F major invention, etc. This may help you, since it can be used to build a lot of music.
I've found though, more than anything, that improvising with the ear training you need to learn has helped me more than anything. Learning to "think" in a key is critical.