The Minister of National Economy and Finance Kyriakos Pierrakakis paid a visit to the Treasury this morning.

The Minister was briefed by CEO Yiannis Papachristou and Deputy Managing Director Panagiotis Stamboulides about his goals and timetable National Investment Fund.

The Hypermalion through an expanded portfolio of public enterprises and equity holds an assets of 11.7 billion euros and employs 25,000 workers. It has 23 subsidiaries, in 9 basic sectors of economic activity.

With his visit and statements that followed, Mr. Pierrakakis marked that the utilization of public property is one of the key priorities of the Ministry of National Economy and Finance. The Hypertension will act as a lever for the growth and transformation of the economy.

With his visit and statements that followed, Mr. Pierrakakis marked that the utilization of public property is one of the key priorities of the Ministry of National Economy and Finance. The Hypertension will act as a lever for the growth and transformation of the economy.

The Minister of National Economy and Finance Kyriakos Pierrakakis said:“The Hypermalion is evolving into a National Investment Fund, leaving behind the years of the financial crisis, the difficult years of the Memorandums, where the dominant goal was to serve the lenders and less to exploit national wealth.

But by expanding our financial capabilities, by achieving improvements in our economic performance, we were able to regain national sovereignty. And the Hypertension, at the moment, plays a catalyst for the country’s economic growth. It is at the core of changing the productive model of our economy with an emphasis on extroversion, innovation, investment.

The Hypertension manages a nominal value of assets of 11.7 billion euros. This amount, of course, may actually be much larger because we are discussing the evaluation of public property. Let’s see what the public property of the state has been for years. So this, and especially with the new administration of the Treasury, is done for the first time in a highly systematic way and with great emphasis on digital media.

And so, very soon, we can claim that we will be able to “shake” the waters in the utilization of public property. “To give life” to the public assets that had not been exploited for years. Whether we are talking about the 22 regional airports, we are talking about Greek saltwater, or we are talking about ports, marinas, thermal springs. We will look for strategic investors so that we can achieve the greatest possible positive impact on the Greek economy, especially when we see that there is all this very positive momentum internationally for our financial performance.

Hypermalion is the catalyst of a major economic change in a Greece that cannot wait“

The Chief Executive Officer Yiannis Papachristou pointed out the following: “We were very pleased to welcome the Minister of National Economy and Finance with whom we had a constructive meeting for the mission. I am convinced that in this new era, the Treasury will function even more decisively as a catalyst for sustainable development by utilizing the assets of the Greek State in our portfolio, the improvement of the operation of the subsidiaries and the maturation and implementation of the new country, as well as the creation of the new country. Utilizing the high level and rich know -how of our executives, we will work with transparency, consistency and good corporate governance to help build a new productive model that will enhance the competitiveness of the Greek economy. The new Infrastructure Infrastructure Fund will be launched in the near future, which will enable us to invest in dynamic economy, contributing to immediate foreign investment. At the same time, a series of projects running from our subsidiaries (ERAD, ELTA, Athens Transport, etc.), as well as infrastructure projects, are on track.

Our role is active and multilevel. The Growthfund Hypothesis is the bridge between public and private initiative. Our compass is the few words and many tangible results that will create value in the economy and make our fellow citizens’ daily life better“

His strategy focuses on three dimensions:

  • Transformation of existing public enterprises with digital tools, new business models and measurable efficiency culture.
  • Acceleration of emblematic infrastructure through PPF, with the aim of passing from design to practice in a fast and reliable way.
  • Converting to a modern Sovereign Wealth Fund that through the new investment fund for which precursors have already been completed. With the integration of HRIP, HFSF and the HYP to a single body, we are proceeding with a new functional model for the public: more simpler, faster, more effective.

The Growthfund is the vehicle that connects infrastructure with the needs of the citizen, investment with viability, the state with innovation. From upgraded transport of Athens to the utilization of public land with artificial intelligence, our role is measurable and meaningful. The new era for the Hypermalion reflects the new data of the national economies, the new opportunities and the new opportunities we now have. It is a time of national return, reforms and substantive works with a social footprint. With institutional seriousness and technological boldness, we are shaping a more functional public sector and an economy that inspires confidence and create added value for the benefit of citizens.
New investment fund

  • The new Infrastructure Infrastructure Fund, which will be launched in 2025 (Q2), in order to give an even greater impetus to sustainable investment in the infrastructure and innovation sectors, in collaboration with international reliable partners. It will invest in infrastructures related to logistics, technology, energy and the circular economy, contributing to direct foreign investment.

Examples of works & affiliates

ERDD: Acceleration of the project with economic & social impact

  • Start of Property Digitization (AI tool: 36,000 Mapping of Property, Evaluation of 6,000, and Performing Maturation Actions on a Subsothe of Up to 1,000 Real Estate)

The first time the Greek State will know what property he will have in his hands:

  • TAE Kwo Do: In the process of concession in the Region (Q2), part of the strengthening of the Attica coastal front (Falirikos bay) with a commitment to investment in the property with the creation of the Aenaon Metropolitan Park, the agreement is made in terms of the market.
  • The Vouliagmeni Coast, the competition is in progress with great success / submission of expressions of interest from 7 investment schemes for the lease of “Vouliagmeni” information here.
  • XENIA Andros, a concession to the municipality that will undertake the necessary investments and urban interventions to revive the property (it has been proposed to perform a delivery ceremony in the presence of the Minister and the ICT & ETAD Administrations).
  • Palataki: The Government of Thesniki becomes a pale again. It has been abandoned for 18 years, studies are being carried out after a three-way Greek House-Hypermalion-ETD to be attributed as public space

Infrastructure and Tourism Development Projects within the ecosystem of the Hypermalion

  • 22 Regional Airports Competitive Procedure (Q3) and influence on all local economies in the country. Kalamata Airport Signature & Ratification of Concession Contract.
  • TIF: Starting an international tender process by September with terms. In the process of implementing a flagship project for Thessaloniki and Greece. In the process of completing the financial model to make a viable project for the city alongside the delivery of 100 acres of metropolitan park. Information here.
  • GAIAOSE – Infrastructure Logistic Centers GONOS: 2nd Phase Bid – Evaluation of Triassic Bids has been completed: Position in force of the concession contract.
  • Completion of Lavrion Marinos Katakoli – Patras – Kavala Port Authority)
  • Egnatia Road- Complete

Strategic Contract (PPF) Unit

The Project Preparatory Facility (PPF) of the Treasury continues consistently and transparently the maturation and auctioning of critical strategic projects, totaling more than € 8 billion funded mainly by the recovery fund.
Completion of the RRF Competitions- Completion of the Real Estate Agent Agreement- New Governmental with projects over € 3 billion.