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Economy. Filter by tags

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Siemens allegedly boycotted Israel to sign a contract with Turkiye
Siemens allegedly boycotted Israel to sign a contract with Turkiye

Germany: An investigation of SWR, a German public broadcasting corporation, led to allegations that the company had broken the law. Siemens denies the accusation.

14 February 2023
Skoda Group acquires assets of a bankrupt Molinari Rail in Austria
Skoda Group acquires assets of a bankrupt Molinari Rail in Austria

Austria: The Czech manufacturer established a subsidiary company in the country, which incorporated headquarters in Vienna and an office in Schwaz purchased from Molinari Rail.

12 February 2023
Inter Cargo Company purchased facilities of the bankrupt Engels Locomotive Works
Inter Cargo Company purchased facilities of the bankrupt Engels Locomotive Works

Russia: A freight car owner won an auction with a bid of more than RUB 2.8 bln ($38 mln) and purchased the property formerly owned by Bombardier Transportation: 86,000 m2 production facilities with equipment.

9 February 2023
DAKO-CZ’s expansion to the Indian market brought record sales in 2022
DAKO-CZ’s expansion to the Indian market brought record sales in 2022

Czechia: For the first time annual revenues of the manufacturer of braking systems exceeded CZK 2 bln with the Indian market where DAKO-CZ set up two joint ventures with local manufacturers in 2022 accounting for 75% of sales.

3 February 2023
Alstom named major promising rolling stock markets in Latin America
Alstom named major promising rolling stock markets in Latin America

Michel Boccaccio, the producer's vice president in the region, indicated in an interview with BNamericas that he sees the markets of Brazil, Mexico and Chile as the most promising, and noted the region's major challenges.

31 December 2022
$3.3 bln of investments in rolling stock purchase are approved to RZD for 2023
$3.3 bln of investments in rolling stock purchase are approved to RZD for 2023

Russia: The investment plan of the national railway operator was agreed by the government at the meeting on November 10 and approved by the RZD’s Board of Directors on November 24. Its total volume should amount to $18 bln.

28 November 2022
Trends of the railway market: the vision of Michael Peter, Siemens Mobility’s CEO
Trends of the railway market: the vision of Michael Peter, Siemens Mobility’s CEO

Spain: The manufacturer's CEO Michael Peter shared his vision in an interview with El Pais newspaper.

28 November 2022
The record backlog of CAF: may the Spanish producer repeat the Stadler’s way?
The record backlog of CAF: may the Spanish producer repeat the Stadler’s way?

Spain: Following the results for 9 months of 2022 published in the financial report of the company, it has reached an all-time high backlog of €11.9 bln.

21 November 2022
CRRC may face new US sanctions
CRRC may face new US sanctions

USA: The country’s Department of Defense has included CRRC in the list of companies that are suspected to carry out a defense order in China. Based on this list, the US President may introduce sanctions later.

11 October 2022
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