Kostis Hatzidakis

Finance Minister Kostis Hatzidakis insisted on Friday that it is necessary for the European Investment Bank (EIB) to take on a greater role in strengthening the defense capability of Europe.

Greece will set up its first sovereign wealth fund to sell state assets such as estate property, ports and public utilities that were not sold during its debt crisis, its finance minister said on Tuesday.

Government spokesperson Pavlos Marinakis mentioned in his briefing to the press on Monday that National Economy and Finance Minister Kostis Hatzidakis presented to the cabinet a legislative initiative concerning the digital transaction fee.

Greek Prime Minister Kyriakos Mitsotakis has reshuffled his government, his spokesman announced on June 14, following disappointing results for his right-wing New Democracy (ND) party in last week's European Parliament elections.

The posts of interior, migration and labor ministers changed hands, as did the agriculture and rural development portfolios.

Greek Prime Minister Kyriakos Mitsotakis reshuffled his cabinet on Friday to boost the government's battle with a cost-of-living crisis, but kept his foreign and finance ministers in place to show policy continuity.

The changes were announced after Mitsotakis' centre-right party performed worse than expected in Sunday's election to the European Parliament.

Prime Minister Kyriakos Mitsotakis has reshuffled his conservative government, overseeing the departure of four ministers and seven deputy ministers. Below is the full list of his new set of ministers and their deputies.

Prime Minister: Kyriakos Mitsotakis

Ministry of Economy and Finance

Minister: Kostis Hatzidakis

Greek Prime Minister Kyriakos Mitsotakis appointed on Friday a new development minister and replaced his labor minister in a cabinet reshuffle aimed at helping Greece deal with a high cost of living.

Takis Theodorikakos was named development minister, while Niki Kerameus took the labor ministry's portfolio.

Mitsotakis kept his finance minister Kostis Hatzidakis unchanged.

National Economy and Finance Minister Kostis Hatzidakis has put in place a plan for the creation of small holding companies of public interest that will be endowed with appropriately selected properties from the portfolio of the Hellenic Public Properties Company (ETAD) and will then go out to sales tenders.

The Hellenic Capital Market Commission will host the 49th Annual Meeting of the International Organization of Securities Commissions (IOSCO) in Athens from Sunday to Wednesday.

In the annual meeting's framework, the Greek commission will also hold a congress on "Climate at the Center of Economy" at the Grand Hyatt hotel on Wednesday.

Faster project integration procedures, flexible procedures with the removal of bureaucratic obstacles, as well as digital monitoring of every euro disbursed and of the implementation of projects, are the objectives of a new bill by the Ministry of National Economy and Finance.