Around mid-October, experimental flights (with a scaled-down drone) will take place as part of the “Archytas” program, according to Finance Minister Christos Staikouras.
As Mr. Staikouras pointed out, the “Archytas” project, which concerns the design and industrial production of a multi-purpose unmanned aerial vehicle (drone), is progressing according to the program and based on the evaluation report of the authorities.
On the occasion of the completion of one year since the start of the implementation of the program, the Minister of Finance emphasized that the experimental flights (with a scaled drone) will take place around the middle of October, while, at the same time, the supply and control of the components continues. While the small delays observed are due to the disruptions that have been caused to supply chains worldwide.
Based on the planning, the construction of the actual prototype is expected to begin towards the end of 2022, while Hellenic Aerospace Industry is structuring the production line and setting up the sales promotion department.
“With the completion of the first year, I consider it my duty to congratulate and thank those who have been involved in this national effort on behalf of the Ministry of Finance, my special partners, the Hellenic Aerospace Industry, the Aristotle University of Thessaloniki, the Democritus University of Thrace and University of Thessaly for their efforts and consistency. “Greece, with the cooperation of its wider public sector, proves that it wants and can enter the global market of high-tech products in an organized and active manner,” added the Minister of Finance.
Latest News
PM Mitsotakis Discusses EU Defense, Security at North-South Summit
Hosted in Lapland, Finland, which shares a 1,300 km border with Russia, the summit brought together South and North European leaders to discuss security, defense, and migration
Surge in Investment and Soaring Housing Prices Across Greece
Greek housing prices have climbed sharply, recovering to 2011 levels and edging closer to their 2007 peak.
Greek Kiosks are Dying Out
The iconic Greek kiosk is dying out, and the empty shells remain to remind us of an urban everyday life that no longer exists.
Property Website: Athens-Area Residences Sold Within 6 Months, on Average
Data presented by the platform also shows higher prices in first 3 quarters of 2024
Bank of Greece Hails Economic Progress but Warns Stronger Growth Needed
Today's Bank of Greece Interim Report on Monetary Policy depicts a healthy economy, but warns that stronger growth is needed to fully overcome the economic crisis
Greek Christmas Dinner Costs Surges in 2024
The estimated cost for this year’s Christmas dinner (serving 6-8 people) ranges from 107.54 euros to 148.89 euros
Attica Bank to Eliminate Fees on More Banking Transactions
Attica Bank emphasized that these changes reflect its commitment to providing competitive and high-quality services
Cash Still Reigns in Greece Despite Surge in Electronic Payments
However, the ECB has expressed its opposition regarding legislative efforts by member states to restrict cash usage as a means of combating tax evasion.
Minister: Tourism Revenues in Greece to Hit €22 Billion in 2024
Sustainable development, investments, new offerings, upgraded training at the core of Greece's tourism strategy.
Greece: Double Salary Increase in Private Sector Coming Next Year
Starting from Jan. 1, 2025, social security contributions will be reduced by one percentage point with the aim of easing the burden on both employers and employees.