About: Siemens
Berlin props up Gazprom subsidiary with €10 billion loan
German Finance Minister Christian Lindner said he could not speculate on how high the loan from the KfW state investment bank to keep Gazprom Germania from insolvency would end up being, but sources place the figure in the region of €10 billion.
EU clears creation of world’s second-largest trainmaker
The European Commission on Friday (31 July) signed off on a merger between French trainmaker Alstom and the rail arm of Canadian firm Bombardier, setting a number of competition criteria in the process.
Europe seeks a comprehensive strategy to lift its competitiveness
The dominance of US firms and Chinese companies in the digital world has sounded the alarm bells in Europe. EU and national officials have agreed that the competitiveness of European firms requires a comprehensive strategy that goes beyond easing the bloc's competition rules.
Macron expected to visit Poland at the start of 2020
After the dispute between Paris and Warsaw, following Poland's cancellation of an Airbus contract, French President Emmanuel Macron will be visiting the Polish capital in the first months of 2020. The Polish prime minister revealed the topics that will be discussed to EURACTIV's partner Ouest-France.
French economy ministry wants to overhaul EU competition policies
The French Ministry of Economy wants to change competition practices and trade policy in Europe. Its proposals also aim to tackle new digital conglomerates. EURACTIV France reports.
Vestager woos Altmaier with industry pitch
European Commission candidate Margrethe Vestager found a lot of common ground with German economy minister Peter Altmaier on Monday (1 April), as the Dane’s campaign appeared to gain momentum.
Europe needs to think in the long-term
The European Commission's opposition to the Alstom/Siemens merger belongs not in the 21C, but in last century's old economic mantras. The Commission doesn't seem to have fully taken the measure of how much our world has changed, writes Bernard Spitz.
France, Germany call for a change of European regulatory rules
Less than two weeks after the European Commission blocked the merger of Siemens and Alstom, France and Germany published a joint industrial manifesto on Tuesday (19 February) calling for the EU merger rules to be changed.
France and Germany prepare plan to create European champions
Following the rejection of the Alstom-Siemens merger, France and Germany are working on a review of the EU’s competition rules to create European champions capable of competing with US and Chinese multinationals.
Six takeaways from Siemens-Alstom rejection
The European Commission decided on Wednesday (6 February) to block the merger of Siemens and Alstom, meant to create a European champion in the railway sector, due to the negative impact it would have on the European market and consumers.
Juncker prepares the ground for Alstom-Siemens merger rejection
European Commission President Jean-Claude Juncker said on Tuesday (5 February) that the institution “will never play favourites” as the EU executive reportedly prepares to reject the Alstom-Siemens merger, despite intense political pressure from France and Germany.
Katainen ‘open’ to consider tweaks to competition policy
European Commission Vice-President Jyrki Katainen told journalists on Tuesday that he would be “open” to consider changes to update competition law in order to cope with the strong competition of US and China firms, but discarded reforming “entirely” antitrust rules as they worked “well”.
19 EU countries call for new antitrust rules to create ‘European champions’
A total of 19 EU governments have proposed updating the EU’s antitrust rules in order to facilitate the emergence of European industrial giants able to face “fierce competition” from the US and China.
Alstom, Siemens merge to create new European rail champion
The maker of France's TGV trains announced Tuesday (26 September) a "merger of equals" with German industrial leader Siemens in a giant and politically tricky deal to create a new European rail champion.
Russian court rejects Siemens’ plea to seize its turbines in Crimea
A Moscow court has rejected a request by Siemens to seize its gas turbines, which have turned up in Crimea contrary to EU sanctions, and to ban their installation ahead of preliminary hearings next month, the court's ruling showed on Sunday (20 August).
EU sanctions Russian deputy minister over Siemens turbines to Crimea
The European Union on Friday (4 August) imposed sanctions on three more Russians, including Deputy Energy Minister Andrei Cherezov, and three Russian companies over the delivery of Siemens' turbines to Moscow-annexed Crimea.
Siemens turbines cause whirlwinds in Crimea
A firm part-owned by German firm Siemens was preparing to install electricity turbines in Crimea despite prohibitive EU sanctions. The issue was brought to the attention of Brussels and Siemens on Monday (10 July).
Osborne makes Berlin Brexit negotiation plea
British Chancellor George Osborne took the UK’s argument for a renegotiated relationship between his country and the EU to the capital of the continent’s strongest economy on Tuesday – promising to back a stronger eurozone if London’s conditions were met.
NGO: German firms mired in worst Greek corruption scandals since WWII
Siemens, Daimler, and Rheinmetall have been mired in cases of alleged corruption in Greece, the country that Berlin has repeatedly admonished for the parlous state of its economy.
Germany voices support for Siemens-Alstom deal
The German government voiced support on Monday for a deal between Siemens and France's Alstom, saying mooted plans for a swap of energy and rail assets could offer "great opportunities" for both countries.