Greece’s Deputy Prime Minister, Kostis Hatzidakis, announced on Monday (June 22) that the country will receive investments totaling one billion euros over the next three years through the Innovation and Infrastructure Fund. “The Greek Innovation and Infrastructure Fund is now fully operational. The first investment, in the digital infrastructure sector, is expected to be announced very soon. Our goal is to mobilize investments exceeding €1 billion within the next three years, while in the longer term, the projects to be funded are estimated to reach €20 billion,” he stated.
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Investments delivering real value for the economy and society
Speaking at the Growthfund Investor Summit 2026 — Navigating the New Geoeconomic Order, Kostis Hatzidakis recalled that the Greek Innovation and Infrastructure Fund was established under Law 5131/2024, which introduced changes to the governance of the Superfund and the operations of its subsidiaries. “A provision was introduced for reinvesting 50% of revenues from port concession contracts to upgrade port infrastructure. Greater flexibility was granted in staffing, and decision-making processes were accelerated. Most importantly, the creation of the new National Investment Fund moved forward — not to replace the market, but to complement it by co-investing in sectors of strategic importance and high added value for our country. This is a tool that has existed for years in most European countries, but was missing in Greece. I personally negotiated these changes with the ESM during my tenure as Minister of Finance. Today, I feel particularly satisfied seeing this reform, which began during my time at the Ministry of National Economy and Finance, bearing fruit. The Superfund is no longer merely a tool for servicing public debt — it is gradually transforming into a major national development fund,” he said.
“The Superfund and its subsidiaries have been operating at full throttle, generating real value for the economy and society. The services they provide to citizens are being continuously upgraded. Public transport is one clear example. Public asset management is being handled in an increasingly professional and effective manner. Investments in strategic infrastructure are accelerating, thanks to the operation of the Strategic Contracts Unit,” he noted.
The investment in Kalamata airport
The Deputy Prime Minister announced that, during the conference, the concession agreement for Kalamata International Airport would be signed with a consortium comprising Fraport, Delta Airport Investments, and PILEAS Participations. “This is an investment of particular significance for the Messenia region and the Peloponnese as a whole. An investment that will substantially upgrade the airport’s infrastructure and services. An investment that will create new jobs and give a fresh boost to the local economy. Just as happened with the concession agreements for the 14 regional airports — of which I am proud, as they were launched during my tenure as Minister of Transport and have transformed the image of those airports. This will be further complemented by the concession agreement being promoted over the coming months for the 22 smaller regional airports.”
Kostis Hatzidakis stressed that the transformation of the Superfund is not an isolated event, but part of a broader transformation that has been unfolding in the Greek economy in recent years. He referenced, among other indicators, growth rates, the creation of hundreds of thousands of new jobs, fiscal surpluses, and the dramatic reduction of public debt. He also highlighted the growing share of industry in GDP and employment, the continuous strengthening of Greece’s role as a hub for energy, transport, data, and technology in the wider region, and the concrete confidence that investors are showing in the Greek economy.
“It is not just the historically high levels of Foreign Direct Investment, which have exceeded €44 billion since 2019. It is not just that Greece is by far the country with the largest overall increase in investment within the EU since 2019 — 83% compared to 43% for Croatia in second place. Greece is now emerging as a stable and reliable destination for long-term investment capital. Capital that is not seeking short-term opportunities, but comes to our country with a time horizon of decades. A prime example is the highly successful capital increase of PPC (Public Power Corporation), in which the Superfund holds a significant stake. A company that in 2019 was on the brink of bankruptcy managed to raise €4.25 billion, with total offers reaching €18 billion. And the capital increase of IPTO (Independent Power Transmission Operator), which is financing an ambitious €6 billion electricity interconnection program. In the coming years, all the islands of the Aegean will be interconnected — a move with a clear economic, environmental, and national message.”
Greece holds credibility with markets, investors, and citizens
“We have clearly not solved all our problems,” Kostis Hatzidakis acknowledged, adding: “We still have a long way to go in order to achieve the strategic goal of converging with the most developed European countries. Nevertheless, we have put the Greek economy on a steady trajectory toward a more sustainable, more outward-looking, and more competitive productive model. Our country today possesses something that, not long ago, seemed self-evident to others but not to us: credibility. Credibility with markets, with investors, with citizens. We have an obligation to preserve this credibility as something precious. And it is upon this credibility that we want to build the next chapter of the Greek economy — with more investments, more innovation, better jobs, and growth that will be strong, sustainable, and inclusive for all Greeks.”
