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GEK Terna
GEK Terna Holding Real Estate Construction ( el, ΓΕΚ ΤΕΡΝΑ) is a large Greek conglomerate which is listed on the Athens Exchange. Its construction branch Terna is one of the leading enterprises of its sector in Greece. GEK Terna's electric utilities branch ''Terna Energy'' lately focussed on the production and transmission of renewable energy. Through its subsidiary Heron S.A., it is as well involved in the construction and operation of thermoelectric power generation fuelled with natural gas. ''Terna Energy'' is listed separately on the Athens Exchange ( ). Company The company was formed when former competitors GEK and TERNA merged in 1999. Until 2008, GEK was the name of the holding with TERNA being its operational branch. The Athens-based company has been listed at the Athens Exchange since 1969 and belongs to the 25 companies forming the FTSE/Athex Large Cap index. In 2013, U.S. investment firm York Capital Magagement bought a 10% share of the company. Rail pri ...
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Construction
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and comes from Latin ''constructio'' (from ''com-'' "together" and ''struere'' "to pile up") and Old French ''construction''. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The constructio ...
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Renewable Energy
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy sources are sustainable, some are not. For example, some biomass sources are considered unsustainable at current rates of exploitation. Renewable energy often provides energy for electricity generation to a grid, air and water heating/cooling, and stand-alone power systems. Renewable energy technology projects are typically large-scale, but they are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. Renewable energy is often deployed together with further electrification, which has several benefits: electricity can move heat or objects efficiently, and is clean at the point of consumption. In addition, electrification with renewable energy is more efficient and therefore ...
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SYRIZA
The Coalition of the Radical Left – Progressive Alliance ( el, Συνασπισμός Ριζοσπαστικής Αριστεράς – Προοδευτική Συμμαχία, Synaspismós Rizospastikís Aristerás – Proodeftikí Simachía), best known by the syllabic abbreviation SYRIZA (, el, ΣΥΡΙΖΑ ; a pun on the Greek adverb , meaning "from the roots" or "radically"), is a left-wing political party in Greece. It was founded in 2004 as a political coalition of left-wing and radical left parties, and registered as a political party in 2012. A left-wing populist, democratic socialist, progressive and social democratic party, Syriza holds a pro-Europeanist stance. Syriza also advocates for alter-globalisation, feminism, LGBT rights, and secularism. Syriza is the second largest party in the Hellenic Parliament. Party chairman Alexis Tsipras served as Prime Minister of Greece from 26 January 2015 to 20 August 2015 and from 21 September 2015 to 8 July 2019. It is a ...
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Greek Legislative Election, January 2015
Legislative elections were held in Greece on Sunday 25 January 2015 to elect all 300 members to the Hellenic Parliament in accordance with the constitution. The election was held earlier than scheduled due to the failure of the Greek parliament to elect a new president on 29 December 2014. Syriza won a legislative election for the first time, winning 36% of votes and 149 seats, just two short of an absolute majority. The centre-right New Democracy (ND), the outgoing party of government, saw only a small decline from 30% to 28%, but in falling to second place suffered its worst showing to date in terms of seats. Five other parties passed the 3% electoral threshold to gain representation, all winning 5–6% of votes: the far-right Golden Dawn (XA), social-liberal To Potami, the Communist Party of Greece (KKE), right-wing populist Independent Greeks (ANEL), and centre-left PASOK. XA became the third largest party for the first time, while Potami debuted in fourth place. Formerly ...
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Hellenic Republic Asset Development Fund
The Hellenic Republic Asset Development Fund S.A. (HRADF; el, Ταμείο Αξιοποίησης Ιδιωτικής Περιουσίας του Δημοσίου, ''Tameio Axiopoiisis Idiotikis Periousias tou Dimosiou'') or TAIPED ( el, ΤΑΙΠΕΔ) is a direct subsidiary of the Hellenic Corporation of Assets and Participations. HRADF exploits the assets of Greece that have been assigned to it and manages the implementation of the privatization program in Greece, and in specific, the implementation of the Asset Development Plan "ADP." Portfolio Infrastructure * Public Power Corporation S.A. (government retains 34.12% owned by Greek government) *Piraeus Port Authority (government retains 7.14%) *Thessaloniki Port Authority (government retains 7.27%) * Marinas of Hydra, Poros and Epidavros * Marinas of Chios and Pylos * Athens International Airport (government retains 25%; privatisation of 30% stake held by the ''Hellenic Republic Asset Development Fund'' is in progress) * Schin ...
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Grup Feroviar Roman
Grup may refer to: * Grup Gerak Khas, a special forces regiment of the Malaysian Army * ADD Grup, a developer and manufacturer of smart metering solutions * Transferoviar Grup, a private railway company in Romania * Grup, a term for grown-ups Star Trek episode "Miri" See also * Group (other) * Grupp Grupp is a surname. Notable people with the surname include: * Bob Grupp (born 1955), American football punter * Julian Grupp (born 1991), German footballer * Stephan Grupp, American pediatric oncologist See also * Group (other) * Grup ...
, a surname {{disambiguation ...
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SNCF
The Société nationale des chemins de fer français (; abbreviated as SNCF ; French for "National society of French railroads") is France's national state-owned railway company. Founded in 1938, it operates the country's national rail traffic along with Monaco, including the TGV, on France's high-speed rail network. Its functions include operation of railway services for passengers and freight (through its subsidiaries SNCF Voyageurs and Rail Logistics Europe), as well as maintenance and signalling of rail infrastructure (SNCF Réseau). The railway network consists of about of route, of which are high-speed lines and electrified. About 14,000 trains are operated daily. In 2010 the SNCF was ranked 22nd in France and 214th globally on the Fortune Global 500 list. It is the main business of the SNCF Group, which in 2020 had €30 billion of sales in 120 countries. The SNCF Group employs more than 275,000 employees in France and around the world. Since July 2013, the SNCF Grou ...
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Russian Railways
Russian Railways (russian: link=no, ОАО «Российские железные дороги» (ОАО «РЖД»), OAO Rossiyskie zheleznye dorogi (OAO RZhD)) is a Russian fully state-owned vertically integrated railway company, both managing infrastructure and operating freight and passenger train services. The company was established on 18 September 2003, when a decree was passed to separate the upkeep and operation of the railways from the . RZhD is based in Moscow at Novaya Basmannaya str., 2. The operating units of the central part of the staff are at Kalanchevskaya str., 35. Railways in Crimea are controlled by Crimea Railway, a separate company. History Background and 2003 reform After the collapse of the Soviet Union in 1991, the Russian Federation inherited 17 of the 32 regions of the former Soviet Railways (SZD). By 1998, total freight traffic was half the 1991 figure. Government investment in the railway system was greatly curtailed, and passenger fares wer ...
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TrainOSE
Hellenic Train S.A., formerly TrainOSE S.A. ( el, ΤραινΟΣΕ Α.Ε., pronounced ''trenosé'') is a private railway company in Greece which currently operates passenger and freight trains on OSE lines. TrainOSE was acquired in September 2017 by the Italian national railway company, Ferrovie dello Stato Italiane. The company was a subsidiary of the Hellenic Railways Organisation (OSE) until 2008, when it became an independent state-owned company until its privatisation in 2017. Hellenic Train employs train crews, operators and manages the most of rail services throughout the Greek railway network, leasing rolling stock owned by GAIOSE except for ETR 470 trains. In 2022 the company rebranded as Hellenic Train. History The company was a subsidiary of the Hellenic Railways Organisation (OSE) and has been since 2005. Before 2005 it had been an in-house service of OSE. In 2008 the company became an independent state-owned company. In 2017 it became a wholly-owned subsidiary of ...
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Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ...
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Greek Government-debt Crisis
Greece faced a sovereign debt crisis in the aftermath of the financial crisis of 2007–2008. Widely known in the country as The Crisis ( Greek: Η Κρίση), it reached the populace as a series of sudden reforms and austerity measures that led to impoverishment and loss of income and property, as well as a small-scale humanitarian crisis. In all, the Greek economy suffered the longest recession of any advanced mixed economy to date. As a result, the Greek political system has been upended, social exclusion increased, and hundreds of thousands of well-educated Greeks have left the country. The Greek crisis started in late 2009, triggered by the turmoil of the world-wide Great Recession, structural weaknesses in the Greek economy, and lack of monetary policy flexibility as a member of the Eurozone. The crisis included revelations that previous data on government debt levels and deficits had been underreported by the Greek government: the official forecast for the 2009 budg ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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