Power engineering

Britain has been gripped by very cold weather and the power system is struggling due to high demand.

ABB Bulgaria employed 400 new people over the past year and is planning to hire additional 200 employees by the end of 2015 at its second production plant in the town of Rakovski.

This was announced by representatives of the company on Thursday at a press conference on the occasion of the first anniversary since the opening of the second factory in Rakovski.

Siemens AG “went to town” on Wednesday by winning an eight-billion-euro order by Egypt to build gas and wind power plants in the country, called the biggest single order in the German multinational’s history.
The announcement came as Egyptian President Abdel Fattah Al-Sisi was on an official visit to Germany.

Finance Minister Yanis Varoufakis underlined the political, moral and legal commitment of the Radical Left Coalition (SYRIZA) government to shed light on the Siemens scandal in a document he submitted to Greek Parliament. The document was submitted in response to a question submitted by Independent Greeks (ANEL) deputy Nikos Nikolopoulos regarding the out-of-court settlement with Siemens.

A 61-year-old former Siemens Hellas executive was found dead on Sunday from an apparent self-inflicted gunshot wound. His body was found in the foothills beneath Mt. Hymettus, which overlooks greater Athens from the east.

A suicide note and weapon were located next to the body, with the handwriting on the note reportedly matching the victim’s. The reason cited was economic problems.

European competition officials have suspended their review of General Electric's proposed $14 billion acquisition of the energy business of French rival Alstom.

The European Commission's suspension of the review procedural and does not signify a major barrier to winning approval, GE spokesman Seth Martin said on May 11.

The settlement between Siemens and the Greek State will be set at the forefront of a new investigation which the government will begin on Siemens’ ‘hidden coffers”.

An anti-corruption magistrate on Tuesday questioned a Swiss-French banker who is seen as a key figure in the Siemens cash-for-contracts scandal and corrupt arms deal but was able to glean little information.

A Swiss-French banker wanted in connection with the Siemens cash-for-contracts scandal and a string of allegedly corrupt defense deals is in Greek custody, authorities said Monday.

A key witness in the Siemens bribery scandal trial, the ex-secretary of former Siemens executive Michalis Christoforakos, has claimed to have fallen victim to a violent assault by an unidentified man, sources indicated late on Friday.