On Monday 20 November, the European Commission approved some of the Greek support measures for Hellenic Defence Systems (HDS) in light of EU state aid rules, concluding that these measures aim to protect vital security interests in Greece.
HDS is a Greek company that is 99.8% owned by the Greek State and produces both defence and civil products.
Between 2004 and 2011, Greece adopted several support measures in favour of HDS, such as a direct subsidy of €10 million, a capital increase of...