The German giant is preparing for new business in Greece

Field ... glory shining pave methodically in Greece Siemens has set three years after the closure of court settlement with the Greek government for bribes and scandals ... the past decades preparing for big business.

And all the time that the obligations arising from the compromise starting erased and forgotten, while ongoing trial for the sensational case of "black" Siemens' funds.

Today Siemens is one of the main candidates for the privatization program ROSCO, ie servicing company OSE rolling stock will take then the service of all trains.

Indeed, the privatization program has managed to endow the contractor and to secure jobs 150 mil. Euro for years. Thus Siemens, particularly if the Russians of RDZ withdraw from the program will be the only candidate which perhaps HRADF forced and beg to get work ...

As demonstrated by Siemens' finally seeing off: the ROSCO will be the only "workshop" train with European certification throughout the Balkans. Meaning that trains countries in the region will probably go through this for standard service if they want their trains to travel on European roads. Even the Greek clientele but enough. The ROSCO will take a pre-agreed contract service of 4,500 wagons of OSE, and maintenance of rolling stock of stops (Metro, Tram, Electric) which is also property of the Greek State.

JAM. Next step the goals of Siemens is the involvement of a number of major projects such as new trains Tram, the metro line 4 and the electrical interconnection of Crete. And all the time that is considered "sure" partner in road and energy projects that will become the next five years.

The tactic of "silent" partner was also the approach followed by Siemens in previous years to continue to take jobs in the public sector. A typical example, subcontracting (60 m. Euros) for electrification and signaling the largest railway project of the decade, the Tithorea-Domokos line, which officially entered into the consortium Aktor - J & P AVAX - TERNA, funded by the ESPA and various European programs. Project undertook the "unfreezing" of the contract with Attiko Metro (41.5 mn. Euros) for the Athens Metro, as well as its participation on roads (Aegean, Ionian, E-65) which is also the main contractors began to have receipts.

With all this activity both companies of Greek existence of Siemens, namely, Siemens Hlektrotechnikon Works and Products and Siemens Diagnostics Health (en strand dealing with medical equipment such as CT and MRI scanners) turned from 2014 to profitability as they had demanded the "head" of the group.

The last balance sheets (December 2014) show a turnover of 89.3 mil. Euros to Siemens Hlektrotechnika increased by about 10 million. In 2013, but primarily a sensational return to profitability (with 35.5 million.) From the losses of 2013. Impressive profitability had and Siemens Diagnostics. On the other hand, the Greek "arm" by Siemens has to face the losses of recent years that have raised the obligations in double figures. And this is the reason why the "head" of the German colossus was ordered for the generalized "shrinkage" in the Greek-business.

COMPROMISE. Theoretically all this would not have nothing wrong, if the group was ok to the obligations arising from the court settlement with the government. But this happens?

Based on the agreement that the government waived the opportunity to move in Siemens' legally for bribes in exchange for an investment financing program and other activities of about EUR 200 million. Euros from the German company. Central to the program was an investment of 60 mil. Euros for a new plant "white" electrical appliances. This would be built on land in Magoula, Attica, bringing together all the activities BSH (Bosch Siemens Hellas) with an annual capacity of 300,000 devices and personnel 700 people.

But the pretext some problems the project was abandoned and replaced by a much smaller program to upgrade the BSH facilities in the Rendi area. And yet again there was no growth.

In contrast, the BSH refrigerator production line was transferred to Turkey, while employees of the unit decreased from 950 in 2012 to 500 this year. Thus, the obligations towards Greece remain in ... zero, with the exception of some "tip" as a scholarship program and the provision of scanners for the Ministry of Finance or the donation of medical equipment.