Power engineering
UK Households are being Paid to Switch Off their Electrical Appliances
Britain has been gripped by very cold weather and the power system is struggling due to high demand.
ABB Bulgaria Plans to Employ 200 More People in Rakovski by End of 2015
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 signs massive contract with Egypt for power generation
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.
Varoufakis submits document on Siemens scandal
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.
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Ex-Siemens Hellas exec involved in C4I contract found dead
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.
GE says EU has halted review of Alstom deal
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.
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Varoufakis: Siemens settlement will be reexamined
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”.
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Judge questions banker over arms kickback claims
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.
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Banker tied to Siemens scandal in Greek custody
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.
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Witness in Siemens bribery trial claims to have been assaulted
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.