Economy of Germany

The BSH Hellas plant at Rendi, near Piraeus, faces closure. One of the country's oldest factories, it was renamed after Bosch-Siemens Hausgerate GmbH bought out Pitsos, a Greek company established in 1865.

Lufthansa will sign a contract to buy big part of the property of the bankrupt Air Berlin. Lufthansa spokesman Karsten Spor announced that the contract will be confided to notary in Berlin at 12am local time.

Air Berlin announced insolvency in mid-August, operating since then with a EUR 150 million state credit.

Europe's largest holiday operator TUI Group plans to expand in Greece, it said on Friday, signaling confidence in the tourism-dependent country's efforts to emerge from a long economic crisis.

BELGRADE - Germany's Siemens on Wednesday celebrated the 130th anniversary of its operations in Serbia.

Serbian PM Ana Brnabic said she was hoping the company would undertake an expansion in the country.

Germany's Siemens on Wednesday marked 130 years since it started doing business in Serbia, with an event attended by Prime Minister Ana Brnabic.

The company is "important for our country because of joint projects with the government, but also because of the jobs it provides," Brnabic said, according to her remarks published by the government.

Former Siemens executive Michalis Christoforakos and another 17 defendants accused of bribing Greek officials to buy the C4I surveillance system have been indicted to stand trial before a Court of Criminals Appeals, in a decision made by the Greek appellate judges’ council on Wednesday.

Japan's Yazaki company on Tuesday opened a factory in the Sabac industrial zone, in western Serbia.

The 30,000 sq-meter plant will produce cable sets for Daimler trucks, and employ 500 workers, Beta reported.

Looking for a reason why the eurozone was so ineffective in combatting its economic problems? Look at the French inaction in dealing with problems of its own. The country has been lagging behind economically, socially and politically for the past decade, while Germany ploughed ahead to be leader of Europe.

An appeals court prosecutor on Thursday called for former Siemens Hellas executive Michalis Christoforakos and another 17 people to be indicted to trial in connection with the Greek state's acquisition of the C4I security system for the 2004 Athens Olympics.

Turkey's OTI Holding has bought German tour operator Ferien Touristik for an undisclosed fee.