By Christina Agathou
MUNICH – Siemens appears ready to let go of the past and start new investments with Greece.
“If there are reliable structures and the appropriate conditions, the country can see progress again,” stated Siemens CEO Peter Solmssen, who is responsible for compliance systems and regulations, in an interview with the Saturday edition of Sueddeutsche Zeitung.
Only the purity of offers, viable contracts, tax administration and payment can build the vital trust needed for investments.
Siemens announced that the bribery cases were settled out of court with the Greek government last Thursday and that the company is once again ready to invest in the Eurozone.
The company had to spend 270 million euros to firmly “clean itself up” and make a fresh start; 90 of those millions will be used for fighting corruption in business transactions.
“We want to contribute to Greece so that structures are positive for both sides,” added Solmssen. Siemens wants to only have “clean business” in Greece.
Renewable energy sources set a possible investment field, according to Siemens CEO, explaining that Greece has solar and wind energy in plethora. “We know how to do it,” stated Solmssen. “We could even start tomorrow, but that must be Greece’s decision,” he concluded.
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