Siemens

An Athens appeals court on Friday reduced to five years an eight-year prison sentence handed down to former PASOK minister Tasos Mandelis for money laundering and said it would allow him to pay off the fine.

The Turkish State Railways (TCDD) has signed a contract for 10 Velaro high-speed trains with Siemens, which submitted the most favorable bid in the tender.

A prosecutor on Monday proposed that former PASOK minister Tasos Mandelis be found guilty of money laundering in relation to the sum of 450,00 German Marks (about 230,000 euros) that he is alleged to have received from German company Siemens for securing an OTE Telecom contract in 1997.

Projects we would like to draw in the automotive industry no longer relies on cheap labour force, given that in 2017, a quarter of the total national exports was generated by this industry, Paula Pirvanescu, Secretary of State InvestRomania with the Ministry of Business Milieu, Commerce and Entrepreneurship told on Monday a specialty press conference.

Greece's state-owned subway operator, Attiko Metro, will finalize a short-list of four interested contractors in a tender to build a 1.45-billion-euro expansion project by March, its managing director said on Monday. 

BELGRADE - Serbian President Aleksandar Vucic has extended his congratulations to Siemens chief executives on the company's acquisition of the Milanovic Inzenjering plant in Kragujevac, central Serbia, and on plans to carry out more investments in the rail vehicles industry in the Sumadija region.

The city of robots, renewable energy and its own laws must modernize the kingdom and its economy. Saudi crown prince Mohammad bin Salman presented a plan for the construction of a futuristic city that should help the kingdom become a country of the 21st century.

The Forbes Global 2000 List is a well-known annual must-read in business. This year for the first time Forbes teamed up with Statista to take the project one step further, identifying the 500 World’s Best Employers, the 250 Top Regarded Companies, the 250 Top Multinational Performers and the 250 Top Growth Champions among the Global 2000 around the globe.

One of Greece’s oldest factories; formerly known as Pitsos and founded in 1865, is shutting down.

Renamed BSH Hellas; after the acquisition by German Bosch-Siemens Hausgerate, the factory based in Renti, south of Athens, is to shut down by the end of 2018.

The company’s management announced a voluntary redundancy program for its 250 employees.

The image of Romania as a country whose main export is its own people belies the fact that the country's economy is racing ahead at rates most EU countries could only dream about, the UK Guardian wrote in a glowing tribute on Saturday.