Munich, Germany, 2012-Apr-05
Today, the Hellenic Parliament ratified the settlement
agreement between Siemens and the Greek State. This marks
the beginning of a new chapter in Siemens' long history
in Greece. The Greek Government's commitment to foster
growth was one of the pillars on which this agreement was
based. This agreement will allow Siemens to continue to be
a real supporter. To this end, Siemens will explore actual
and substantial areas of investment in Greece, with special
emphasis to sectors which increase employment and support
the economy.
In total, this settlement will reach approximately 270
million Euro. In this context, Siemens waives claims of
€80 million that concern implemented projects and the
delivery of equipment to the Greek State. Siemens will
dispense up to the amount of 90 million Euro for
transparency initiatives and anti-corruption programs, as
well as for academic and research programs that aim at
enhancing Greece's competitiveness. Finally, Siemens
will spend over €100 million, in order to enhance its
activities in Greece and preserve a significant number of
jobs in the local market.
The company is committed to ensure going forward, full and
overall compliance to sound corporate principles.
Recommend:
