Philippos Sachinidis, new Governor for Greece
EIB
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European Investment Bank
Following the resignation of Mr Evangelos Venizelos, who has been elected to head the majority Socialist party, Mr Philippos Sachinidis was appointed Minister of Finance of the Hellenic Republic on 21 March 2012. He also becomes EIB Governor for the Hellenic Republic.

Prior to his appointment in the Government, Mr Sachinidis was from 2009 Deputy Minister of Finance. He was also a Member of the Hellenic Parliament from 2007.

Mr Sachinidis, born in 1963, began his professional career as a researcher at the Foundation of Economic and Industrial Research in Greece. He also served as an Economic Analyst at the National Bank of Greece and as a Special Economic Advisor in the office of former Prime Minister Konstantinos Simitis. From 1991 to 1994, he was a Professor of Economics at the Manchester School of Management.

Mr Sachinidis studied Economics at the University of Piraeus' Graduate School of Industrial Studies and holds a Master's degree from Queens College, City University of New York and a PhD in Economics from Manchester University.

The ceremony held near Nemila village in Bosnia and Herzegovina marked the breakthrough of the left stretch of Golubinja tunnel located on the Pan-European Corridor Vc. As the longest in the country stretching some 3.6 kilometres, the tunnel situated between the cities of Žepča and Zenica forms part of the Poprikuše – Nemila motorway section. Upon completion of this project, travel time from Sarajevo to northern parts of the country will be reduced significantly, thanks to the bypassing of the existing road through the canyon of the River Bosna.