State starts investment fund

Greece is establishing its own National Investment Fund and will hand it a launch gift of 300 million euros.

Its role will be to co-invest, together with other private funds and financial institutions, in dynamic and outward-looking sectors, such as the green transition, and the circular and the blue economy, where there is an investment gap, without competing with existing funds, in order to strengthen the development character of the Superfund and contribute to Greece's growth. The European Investment Bank has already expressed an interest.

This fund, with BlackRock hired as a consultant, will operate within the wider framework of the Superfund. The final bill is expected to come to Parliament by July and the changes it will bring will start from the beginning of 2025.

The €300 million with which the new National Investment Fund will initially be financed...