OTE

Ten years after the multi-million euro Siemens corruption scandal was exposed, the trial is about to start at the Athens Court of Appeals amid hurdles. The charges are for bribery and money laundering, as the Greek prosecution accuses former Siemens CEO...

Greek telecommunications company OTE is to play a key role in the development of a network providing broadband internet connection on flights over Europe. British Inmarsat has chosen the center of satellite communications in Nemea area in Peloponnese to install...

Hellenic Telecommunications Organisation (OTE) announced a new voluntary retirement plan as an exit strategy for its employees. In an announcement, OTE said that “The plan is part of initiatives implemented to boost its competitiveness, renew its workforce and create employment opportunities for...

The Greek Supreme Court's prosecution on Tuesday denied the petitions of four German nationals asking for the withdrawal of an indictment ordering them to stand trial for a Siemens kickbacks case. The petition was filed by Roland Koch, Reinhard Herbert Siekaczek,...

Swiss banker Jean-Claude Oswald was detained pending trial after testifying on Wednesday before two Greek prosecutors on separate cases involving money laundering and kickbacks in armament procurement contracts. Oswald, a former officer of Dresdner and BNP Paribas banks, testified before...

Michalis Christoforakos is among the 64 people who are summoned to appear before an Appeals Court, accused of being involved in the bribery scandal between Siemens and Greek state-owned telecommunications company OTE that rocked Greece nearly ten years ago. The 64 suspects...

"Since Sunday evening Greece is a country with its own proposals. We understand that the other countries also have their own suggestions, their own parliaments and we talk about dialogue, not mutual blackmailing," government Vice President Giannis Dragasakis underlined...

OTE, the largest Greek telecommunications firm has signed a new three-year contract which will establish an improved payroll for its new employees, raising the introductory wage to 755 euros, much higher than the country’s average minimum wage. Under the...

Greek financial crime prosecutors handling the Siemens bribery scandal have completed their 2,368-page long proposal on the case, recommending that 64 involved individuals face criminal charges of active and passive bribery along with money laundering, as well as illicit...

U.S. based multinational banking and financial services corporation Citigroup is examining what a SYRIZA government might mean for Greek equities, taking in account the upcoming presidential election in Greece and the risk of early general elections which might bring...