The decision to absorb it Financial Stability Fund (FSF) from the Hellenic Holdings and Property Company and its abolition, was signed by the Minister of National Economy and Finance Kostis Hatzidakiswhile the contract for the merger by absorption was also signed TAIPED from EESYP. Thus, according to the Ministry of National Economy and Finance (MINE), two of the pillars of the reform of the Hellenic Holdings and Property Company, the merger of TAIPED with the Superfund (EESYP) and the abolition of the Financial Stability Fund become a reality with the completion of the related procedures.

As far as the HFSF is concerned, the decision to abolish it was made since after the implementation of most of the disinvestment program by the banks, most of its mission has been completed. It is also recalled that according to its founding law, the HFSF had a duration until December 31, 2025. Accordingly, TAIPED, which is a 100% subsidiary of the Superfund, has also completed a large part of its mission and the merger with the parent creates the conditions for more rational organization and saving of resources.

The reform of the Superfund, according to law 5131/2024 passed in August, also includes:

– The modernization of the operation of the subsidiary companies of the Superfund with the aim of turning them into new “small PPCs” following the model of the successful transformation of the latter from a risk factor for the national economy in 2019, to a driver of development. The 8 subsidiaries (Hellenic Post Offices, TEF-Helexpo, Central Markets and Fisheries Organization, Central Market of Thessaloniki, GAIAOSE, Hellenic Salts, Corinth Canal Company, OASA Athens Communications Group and its 100% subsidiaries: Road Communications – OSY and Fixed Communications – STASY) acquire more flexible recruitment and procurement procedures, the possibility of attracting executives from the private sector, while the participation of trade unionists in disciplinary boards is prohibited. The ultimate goal is to provide better services to citizens.

– The establishment of the National Investment Fund, which will operate as a co-investor with other funds, mainly with minority participations, in accordance with the standards of the investment funds that operate in most EU countries. The aim is to cover areas that are not sufficiently covered by today’s investors but have added value for the economy such as: green transition, circular economy, blue economy, technological and digital transformation, strategic and critical mineral raw materials, in energy investments and corresponding infrastructure and networks, transportation and related infrastructure, technology industries, blockchain, artificial intelligence, etc.

– The new governance model of the Superfund with the establishment of the Corporate Governance Council in place of the Supervisory Board, which has already been implemented by decision of the Minister of National Economy and Finance.