This paper presents an overview of the Text-to-Speech synthesis system developed at the Institute for Language and Speech Processing (ILSP). It focuses on the key issues regarding the design of the system components. The system currently fully supports three languages (Greek, English, Bulgarian) and is designed in such a way to be as language and speaker independent as possible. Also, experimental results are presented which show that the system produces high quality synthetic speech in terms of naturalness and intelligibility. The system was recently ranked among the first three systems worldwide in terms of achieved quality for the English language, at the international Blizzard Challenge 2013 workshop.