Extensive reform of Greek state corporations

A new bill to be voted on in the year's first half, about the Growth Fund - The National Fund of Greece and its subsidiaries, will turn the subsidiaries into businesses like Public Power Corporation (PPC), National Economy and Finance Minister Kostis Hatzidakis said on Friday.

At the New Year's cake-cutting event of the Hellenic Public Properties Company (ETAD), the agency managing public properties, Hatzidakis said, "We are at a new start for the Growth Fund and its subsidiaries, which we want to base on rules of effectiveness and service to the state and society overall."

The bill will propose that the subsidiaries' directors be hired from the private and public sectors, through tendering procedures for a specified period of time, he said.

The process will involve the state testing and hiring agency (ASEP), but the procedures will be faster.

"There...