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The Minister of Finance meets with the President and CEO of Siemens

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Tuesday, June 25th, 2013


The Minister of Finance Minister, Yair Lapid, met this morning with the President and CEO of Siemens, Peter Löscher.

The two discussed the strengthening of the relationship between Israel and Siemens, which is firmly rooted in the communications, medical, software development, solar energy and other fields in Israel.

The Minister of Finance, Yair Lapid: “Israel attributes great importance to the continued fruitful cooperation with a company that encourages innovation such as Siemens. The investment in the Israeli economy by leading international companies such as Siemens contributes our economy and leads to significant achievements in industrial research and development.”

The President and CEO of Siemens, Peter Löscher: “Siemens has a deep commitment to the unique technological infrastructure and the innovation in Israel. Siemens invests 5.4% of its profits in research and development and by doing so, enjoys a competitive advantage as an innovative company. Israel is one of 30 countries in which Siemens operates research centers. We are the leaders in the field of neurological research with MRI systems used together with the leading universities in Israel. For Siemens, Israel is not just another market, but a center of innovation and I believe that our partnership can produce excellent opportunities in the future.”