Feb 13 • 09:56 UTC 🇬🇷 Greece Naftemporiki

Growthfund: The transformation of subsidiaries in its portfolio

The Growthfund in Greece is transforming its subsidiaries by integrating with key financial entities to enhance economic and social values.

The Growthfund has positioned itself as a leading development institution in Greece, especially after incorporating the Hellenic Republic Asset Development Fund (HRADF) and the Hellenic Financial Stability Fund (HFSF). This strategic expansion amplifies its portfolio, which is valued at around 12 billion euros across 11 essential sectors including energy, water management, transportation, logistics, banking, and real estate. The Growthfund's initiatives focus significantly on revitalizing public enterprises and aligning them with private sector operational standards to improve service delivery to citizens.

To effectively execute its plans, the Growthfund is anchored on three strategic pillars. First, it aims to transform public enterprises by adapting them to better serve citizens and to achieve sustainable outcomes. Second, the Group is dedicated to enhancing national infrastructure assets like airports and ports by preparing them for privatization or attracting strategic investors, which is critical for the country's economic development. Lastly, the Growthfund is committed to investing in modern services and initiatives that drive economic growth and resilience, ensuring that Greek infrastructure becomes competitive on a global scale.

As the Growthfund continues to evolve and implement its strategies, its influence on both the public and private sectors in Greece could be profound. This shift not only signifies a move towards better resource management and economic stability but also highlights the importance of integrating public entities with private sector efficiencies to foster sustainable national development.

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