A difficult “bet” for the modernization of DEKO (ELTA, OASA, ETAD etc.) which are supervised by the Super fundis now called upon to “win over” the Ministry of National Economy and Finance, putting the relevant bill “on track”.

This is expected, unexpectedly, to be given for consultation this week and, according to Minister Kostis Hatzidakismodel for the changes will be the PPC. These changes are expected to focus on actions to attract executives from the market based on formal and professional qualifications and without the usual long-term procedures of the ASEP. At the same time, there will be organizational changes, with the aim of creating separate departments for large and mature properties and for individual smaller concessions. Meanwhile, solutions will be sought for each company separately, depending on its activity. Since problems have been identified (e.g. seasonal staff, redeployments, etc.) from the “horizontal” way in which the various businesses are dealt with, which, after all, often have a completely different object.

At the same time, its purpose will be expanded TAIPEDwhile the Fund with the Financial Stability Fund (THS) will be absorbed by the Superfund and merged with it.

According to information, the draft law will concern the following DEKOs:

  • OASA Group and its subsidiaries OSY and STASY
  • ELTA
  • ETAD
  • The property management company of OSE (GAIAOSE)
  • ETVA VIPE (the subsidiary of ETVA that manages the industrial parks).
  • HELEXPO TEF.
  • The Athens Central Market Organization (OKAA), in Rentis
  • The Organization of the Central Market of Thessaloniki (KATH)
  • The Hellenic Salt Flats
  • The Corinth Canal.

The same bill will also include the provisions for the creation new National Investment Fund. The aim is to strengthen development initiatives in cutting-edge sectors, with an emphasis on new technologies and “green investments”.

The new Fund is expected to operate in a similar context to the Sovereign Funds of other countries. It will join the Super Fund, while the fair value valuation will be determined by an international, independent and reputable valuer. It is expected to have a “firepower” of 1 billion euros (with the Greek government as the only shareholder), which will come from available state bodies, but also from the injection of cash from the secession of EYDAP- EYATH from the Superfund, in accordance, at least, with what has been announced to date.