Mitsotakis chairs meeting on Greek Aerospace Industry

ATHENS — The growth prospects of the Hellenic Aerospace Industry, as well as the company's future course, dominated a meeting held ealier on Friday at the Maximos Mansion, chaired by Prime Minister Kyriakos Mitsotakis. According to government sources, satisfaction was expressed during the discussion with the company's progress under its new management and the implementation of new programmes was examined.

Hellenic Aerospace Industry has already started working on a process of consolidation and restructuring with the aim of a rapid shift to profitability and continues to strengthen its workforce by hiring specialised staff. According to government officials, by the end of 2021, the company will hire a total of 700 new employees, while at the same time expanding its activities in the aviation industry and focusing on research and development and the design of new products.


NICOSIA — The European Union has earmarked 657 million euros ($736 million) for the construction of a a 2,000-megawatt undersea electricity cable that will link the power grids of Israel, Cyprus and Greece, Cypriot Energy Minister Natasa Pilides said Thursday.

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