Hellenic Defense Systems

The European Commission ordered Greece on Monday to recover up to 55 million euros in state aid from Hellenic Defence Systems (HDS), a largely state-owned company that manufactures defence-related products. Greece granted a number of support measures between 2004 and...

Hundreds of refugees with their young children have moved in Victoria Square, central Athens. The majority of refugees are Syrians waiting patiently for their chance to make the long journey towards the northern European countries. A major issue has...

The Eurozone working group of finance chiefs has ok'd release of a delayed one billion euro ($1.37 billion) installment from international lenders after a deal was reportedly reached on a modified plan to pare down the money-bleeding Hellenic Defense...

One of the biggest obstacles to closing a deal on uncompleted reforms and trigger the release of a one billion euro ($1.37 billion) installment from international lenders - whether to shut down or privatize Greece's money-bleeding defense contractor -...

Greece's hopes to overhaul its notoriously inept and inefficient defense firms, as well as a mining company, were shot down by its international lenders who say the companies are so bad off they should just be shut down, although...

As Greek Prime Minister Antonis Samaras readies a rescheduled visit to Qatar to woo investment for his cash-strapped country, his hosts are already showing interest in acquiring troubled Greek defense companies as part of a long-delayed massive privatisation. Samaras was...