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Implants could benefit patients with depression and neurological diseases such as Alzheimer’s or Parkinson’s. (Image source: GE Healthcare)

Cybernetic Brain Revolution

Where does the human end and the machine begin? - asked GE Reports recently. In the era of neuroprosthetics, this question may soon get harder to answer. Thanks to the latest research, reported recently in the journal Science, tiny electronic devices - embedded in the body that stimulate the brain and other parts of the nervous system to improve their function - could stay inside the human body for as long as 10 years. Moreover, according to the forecasts the global market for neuroprosthetics could reach $14 billion by 2020, growing at a compound annual rate of 15 percent.

The new legislation sends a signal to investors (source: GE)

Green Light for Green Energy in Poland

Guest post by host Izabela Kielichowska, GE’s Government Affairs & Energy Policy Director for CEE

Sejm in Poland (the lower house of the Polish Parliament) has just passed an Act on Renewable Energy Sources (RES), implementing new rules supporting green energy. One of the most significant changes in this law will be the introduction of an auctioning scheme instead of a quota-and-certificate scheme. Within this, the Polish government will set annual targets for additional renewable energy and open auctions for energy producers. The lowest priced electricity bid will win with the winning party will receiving a 15 years feed in tariff. The auctions will be organized separately for small (> 1 MW) and larger (<1 MW) installations.

Talents well spotted: the winners. Source: (Source:  Corvinus Business-IT Case Community Facebook page)

All in the Name of the Game

Guest post by Gergely Sipos, Mobile Development and UX Enterprise Architect, Power & Water Technology, GE Power & Water

“They are a-mazing” – I heard my colleague whispering to me and I could not agree more. The teams were faced with a key challenge and solved it with outstanding results. They were able to master corporate tools to fulfill their various positions and roles. Problems were solved and lessons were learnt. This is the time when your manager should have patted you on the back… if you had one. In real life, the amazing people in question, a selection of the best, have yet to get a business card – they are students from the Corvinus University of Budapest.

A milestone moment from 1998: Iván Völgyes (far left), Viktor Orbán, Hungary’s current Prime Minister and Jack Welch of GE. Can you spot our editor-in-chief in  the background?

Iván Völgyes: An Intercultural Interpreter

A man of short stature, a holocaust survivor, a former professor of the University of Nebraska and a presidential speech writer who relocated back from the US to Hungary to become the first professional lobbyist of the country’s post-communist time. That was about all I knew of Iván Völgyes when I met him in 1996 on my first day at GE. He was the highly influential national advisor of GE in Hungary, and I was the freshly appointed Communications Leader, Central Europe, at GE Lighting. When, five years later, I received a phone call from the Office of the Minister of Interior to tell me that Iván, who had left GE by that time, was most probably involved in a plane crash, and I was asked to contact his wife, Erika Sárközy, I remembered him by entirely different traits.

Czech Republic’s case with Nepal  (Source: GE Aviation)

The Best of the Year: GE’s Incredible 2014

GE in CEE has an exciting year ahead, and our team look forward to sharing with you many great achievements in 2015. As we step into a new year, we look back on 2014 and share some of our regional highlights. From reaching dangerous airports to besting typhoons, from developing ethical business models to meeting EU energy challenges, GE has consistently made headlines in Central Eastern Europe.

Because of its numerous windy areas, the region continues to have a huge potential in terms of wind energy

Committed to Romania: Successful 30 Years and Counting

Guest post by Cristian Colteanu, GE's president and CEO for Romania, Bulgaria and Moldova

We are now in a moment of anniversary as we are celebrating 30 years of common history with Romania, started back in 1984 as the provider of the turbo-generator units for the significant project Cernavoda Nuclear Power Plant. During these 30 years we have developed multiple projects of high importance. These proved our commitment to the country, improved Romania's energy infrastructure and, through their magnitude, placed Romania on the European energy map and helped enable the country to reach its European targets.

GEHolidayCard_2014_R2

2014, Our Great Year

Many of our readers are now probably in the middle of Christmas fever. Shopping, wrapping gifts – that is what we were all waiting for! As the festive season is also very much about cooking and eating, it was not surprising that during the GE CEE leadership meeting in Warsaw the team gathered to cook dinner for themselves at the foot of the King’s Castle. We asked them to share what they are proud of in 2014 there.

Allied for Cyprus: Cleopatra Kittis, Senior Managing Director EMEA, FTI consulting; J Keith Eliot,Senior VP Eastern Mediterranean Noble Energy, USA; Philippe Barill, President & COO, TECHNIP, France; Efthyvoulos Paraskevaides, Chairman, The Paraskevaides Group; Roberto Bocca, Senior Director, Head of Energy Industries World Economic Forum, Switzerland;Gaetano Massara, CEO GE Global Growth & Operations South East Europe, Italy; HE The President of the Republic of Cyprus, Nicos Anastasiades;John Andrews Author, Consultant Editor at The Economist, UK;Shelly Porges, Co-Chair Ready for Hillary 2016, former Director GEP Department of State, former CMO Bank of America, USA; John Georgoulas, General Manager Cyprus, The Economist Events, Senior Advisor to The Paraskevaides Group; Peter Nathanial; Partner Impala Partners, former CRO Royal Bank of Scotland, forner Managing Director Citigroup, USA.

Cyprus: Investment for Growth

The structural problems of the Cyprus economy, which commenced as a result of the collapse of the real estate market following the European crisis, were intensified with the economic crisis and the adverse economic developments in Greece. The deterioration of the public finances together with the default of the banking sector resulted in a series of downgrades of the Cypriot economy.