x

Economy

France’s Safran Group Eyes Greece for Helicopter Engine Facility

French multinational Safran Group is reportedly examining the installation in Greece of a unit to repair, maintain and rebuild airplane and helicopter engines.

Government sources told Kathimerini negotiations were well along but that more talks are needed to finalize the deal, which would bring jobs to Greece as it hopes to pull out of the post-COVID Coronavirus lockdown period and get the economy going again.

The interest of the French group in Greece grew during the recent visits of top Greek and French officials to Paris and Athens along with business delegations from both countries, although France was said to be considering other countries too in the eastern Mediterranean for its clients, mainly carriers that use its engines as well as other electrical and mechanical equipment. Safran also wants the services for the defense sector, working with France's Naval Group, which will build the Belharra frigates Greece is considering buying to bolster its defense.

RELATED

BRUSSELS — Euro finance chiefs on Monday engaged in a high-wire political balancing act prompted by conflicting economic forces: a weaker growth outlook and stronger inflation.

Top Stories

United States

I’ve only ‘met’ Zaferios G Caragianades once in the pages of history.

Politics

Ambassador Dimitrios Tsikouris (JD, MA) has a 36-year-long career in the Greek Diplomatic Service with assignments in Germany, the United Nations, New Orleans, Washington, DC, NATO Defense College in Rome, Italy, Iran, Belgium, Indonesia, Malaysia, and ASEAN.

Politics

ATHENS – Growing violence on Greek campuses will be dealt with, Prime Minister Kyriakos Mitsotakis said in a pledge to root out offenders who are allowed to stay in school despite causing problems.

Video

Jill Biden: I Didn’t Expect “Healing Role” as First Lady

LAS VEGAS — Her husband campaigned to help unite the country, but Jill Biden says "healing" a nation wounded by a deadly pandemic, natural and other disasters and deep political polarization is among her chief roles as first lady, too.