Big changes for state-owned companies

With a bill put to public consultation, the Ministry of Economy and Finance has moved forward with the radical restructuring of the Superfund or Growthfund. 

Hailed by Economy and Finance Minister Kostis Hatzidakis as an "important reform" and "proof of progress," the bill foresees the implementation of the "PPC (Public Power Corporation) model" for the state-controlled companies (DEKO) that are subsidiaries of the Superfund.

At the same time, procedures have been launched for the absorption of the Hellenic Financial Stability Fund (HFSF) and state asset utilization fund (TAIPED) by the Superfund and the creation of a National Investment Fund, which will be endowed with 300 million from the state. 

The PPC model for public enterprises of the Superfund concerns Hellenic Post (ELTA), TIF Helexpo, the Central Markets and Fisheries Organization and the Central...