The transformation of Growthfund from a public enterprise management organization into Greece’s National Investment Fund for Development, with an enhanced role in financing and implementing strategic investments that create economic and social value, was presented -along with detailed data and examples from the Group’s subsidiaries- at a special briefing event. During the event, the Group’s CEO, Yannis Papachristou, and Deputy CEO, Panagiotis Stampoulidis, presented the management’s performance report for 2025 and immediate strategic priorities, as outlined in the Strategic Plan 2025-2027. According to Growthfund’s executive management, organic profits for the 2025-2027 period will amount to €1 billion and dividends to be paid to the State will reach €0.7 billion, while in 2026 projects worth €1 billion are expected to be tendered by the Strategic Contracts Unit (PPF).
Additionally, through the Hellenic Innovation & Infrastructure Fund (HIIF), the goal is to mobilize capital worth €1 billion for implementing investments in strategic sectors of the New Economy over the next three years. Already, HIIF’s first investment is at an advanced stage and is expected to be announced soon, while 3 more investment opportunities in digital and energy infrastructure sectors are being examined. Today, Growthfund serves as a ONE-STOP SHOP for investors, undertaking the design, implementation and monitoring of significant projects of national importance, connecting with public administration bodies and accelerating procedures. The 2025-2027 targets are recorded in Growthfund’s “Value Map,” which describes the impact that implementing the overall strategic plan will have. The 2025-2027 period is characterized by high-intensity projects and flagship interventions, such as launching HIIF’s investment activity and operating the first PHAROS Artificial Intelligence factory in collaboration with the Ministry of Digital Governance. Growthfund has also initiated the creation of a unified Strategic Development Plan for Ports & Marinas, while infrastructure upgrade projects at the ports of Volos and Alexandroupolis are nearing completion. Soon, the process of developing Elefsina port through sub-concession of commercial activities is expected to begin, while tender procedures are underway for developing four more ports and marinas.
The competition for further cruise development is ongoing, while the tender for the new Large Yacht Marina in Corfu has been completed. Four flagship properties are maturing for development, while two urban regeneration projects of railway stations (GAIAOSE) are expected to highlight critical urban nodes, improving citizens’ quality of life. By the end of 2027, 20,000 registration assessments (ETAD) and over 4,500 property valuations will have been completed, creating a clear picture of public real estate value. Also planned is the development of new revenue sources for ELTA (such as banking services and real estate utilization) and further upgrading of Athens urban transport (OASA Group). The regeneration of TIF and the plan for developing the Canal (AEDIK) constitute landmark projects with national impact, while eight investments will have been implemented in critical sectors. PPF is expected to complete strategically important projects during the year, such as upgrading and expanding Public Health infrastructure and renovating OAKA, with the Unit’s planning providing for tendering new projects worth €1 billion in 2026.
Presenting Growthfund’s strategic priorities, Group CEO Yannis Papachristou emphasized: “Growthfund is transforming into a National Investment Fund aimed at utilizing Public Assets to create value in development that will improve our fellow citizens’ quality of life. We are strengthening our investment role, mobilizing capital and expertise, and creating an integrated ecosystem that combines transformation, investments and project acceleration with tangible results for the economy and citizens.” For his part, Deputy CEO Panagiotis Stampoulidis noted: “With transparency, speed and effectiveness, we mature and implement strategically important projects that enhance the competitiveness and sustainability of the Greek economy. Growthfund’s new phase connects strategic planning with measurable results and a strong investment footprint.”
Four priority pillars
Growthfund’s strategy is based on four pillars: transforming public enterprises, developing infrastructure and utilizing assets, co-investments in New Economy sectors, and accelerating projects of national importance. In this context, the goal is to transform public enterprises with private sector practices and good corporate governance, so they provide better services to citizens and achieve sustainable financial results. The second objective is developing infrastructure in airports, ports, logistics centers, energy and water management, making them more attractive for utilization in partnership with strategic investors. A key priority for 2026 is activating Growthfund’s new investment pillar through HIIF co-investments with foreign and domestic partners in New Economy sectors (energy transition, blue economy, digital infrastructure, agtech, etc.), launching the PHAROS AI accelerator, and participations through Phaistos and ELKAK investment funds. The Strategic Contracts Unit (PPF) plays a central role as an accelerator of critical investments, maturing and implementing projects of national importance in sectors such as health, transport, civil protection and public infrastructure.
Subsidiaries overview
Special reference was made by Growthfund’s executive management to the Group’s subsidiaries, where measurable results and initiatives that enhance operational effectiveness, accelerate digital transformation and upgrade services to citizens were presented. Indicatively, aiming to further upgrade subsidiaries’ operation and effectiveness -through a strong governance framework-, 38 new Board members were appointed in 14 Group companies in 2025, with 13 additional appointments in progress for 2026. In 2025, OASA recorded significant fleet renewal with 951 new buses out of 1,322 active ones, as well as interventions such as Saturday night operation on Metro lines 2&3 and selected bus lines, while contactless mobile transactions “tap ‘n’ pay” were implemented.
At ELTA, extensive digital transformation is being implemented with 1,330 postal workers fully equipped with tablets and mini printers, while 25% fleet renewal is advancing with emphasis on electrification and developing partnerships with international players like Amazon and UPS. At ETAD, over 35 property rental tenders were conducted, 13 property concession contracts with local authorities were signed, and tenders for flagship properties proceeded (TaeKvoNto, Vouliagmeni Coast, Xenia Ouranoupolis), while at GAIAOSE the Strategic Property Utilization Plan has been activated, emphasizing regeneration of flagship railway stations (Athens, Peloponnese, Thessaloniki, Piraeus).
At AEDIK, “Intelligent Traffic Management” AI software is being developed for smart traffic management, reducing waiting times and identifying potential customers in real time, while the governance model change at TIF and the upcoming launch of the regeneration tender, activation of OKAA and KAT synergies and implementation of an investment plan for upgrading and digitalizing their operations were also mentioned. Finally, the tender for investor entry into Greek Salt Works is in progress.
