The Ministry of Economy and Finance has introduced a bill for public consultation to restructure the Superfund, marking a significant reform aimed at modernizing state-controlled companies. The bill aims to implement the “PPC model” for subsidiaries of the Superfund, including DEKOs like ELTA and TIF Helexpo.
Furthermore, the bill includes plans to absorb the Hellenic Financial Stability Fund and create a National Investment Fund with a state endowment of 300 million. The reform also extends the term of office for executives and introduces flexibility in recruitment and remuneration processes.
One of the key changes is the simplification of procedures to attract private sector executives, addressing the bureaucratic hurdles currently faced. Additionally, the recruitment processes for staff will become more flexible, with enhanced procurement regulations in line with EU law.
This overhaul aims to streamline operations, promote efficiency, and attract top talent to drive growth and innovation within these public utilities, signaling a progressive step towards economic development.