Greece’s Superfund and public assets are entering a new phase, according to announcements made by Minister of National Economy and Finance Kyriakos Pierrakakis at the Growthfund Investor Summit. The renaming of the Superfund to the National Development Fund is not merely a change of name, but a comprehensive restructuring of the philosophy governing the management of public assets. As the minister emphasized, the country is leaving behind the crisis management mindset and moving into a period in which public assets are called upon to serve as a tool for growth, investment, and productive reconstruction. The new model is directly linked to European challenges, as well as to Greece’s effort to leverage its competitive advantages in high-value sectors — from digital infrastructure to artificial intelligence and next-generation investments.
Read: Kyriakos Pierrakakis: “Europe needs more investment — European savings can be part of the answer”
Superfund: From crisis management to growth
Kyriakos Pierrakakis framed the discussion within the broader European context, highlighting that Europe faces enormous investment needs. As he noted, the European economy must finance critical sectors such as defense, energy independence, digital infrastructure, artificial intelligence, semiconductors, and data centers. He also pointed out that Europe holds significant advantages, with total savings exceeding €10 trillion, alongside a strong industrial base, universities, a skilled workforce, and mature institutions.
However, as he noted, these advantages have yet to be converted into unified investment power. Turning to the Greek economy, the minister stressed that the country has put the crisis era behind it — though not all challenges have disappeared. According to the figures he presented, growth is running at close to 2%, a level above the European average, while unemployment has fallen below 8%. He made particular reference to investment levels, which have risen from approximately 11% of GDP in 2019 to over 17% of GDP in 2025, while exports now stand at 42% of GDP. The minister also addressed the reduction of public debt, noting that it is projected to fall from 154.2% of GDP in 2024 to 119% by 2029. He further highlighted the early repayment of €6.94 billion in first-memorandum loans, which, according to the figures presented, generates annual interest savings of more than €200 million.
The new role and the Invest10 plan
In the new economic environment, the Superfund is taking on a different role. Kyriakos Pierrakakis underlined that the Fund manages assets worth approximately €12.3 billion, holds a portfolio of 23 subsidiaries and participations, maintains a presence across 11 strategic sectors of the economy, and employs more than 25,000 people through its companies. The minister’s core message was that public assets must not be treated solely as a management item, but as productive capital capable of mobilizing investment and generating growth outcomes. In this context, the new National Development Fund is called upon to act as a lever for attracting capital, maturing projects, and accelerating investment plans. A prominent place in the announcements was given to Invest10, an initiative being implemented by the Ministry of National Economy and Finance and the Growthfund in collaboration with McKinsey. The program aims to map the sectors in which Greece can build a stronger growth presence over the next decade. According to the minister, the challenge is not only to attract more capital, but to direct it appropriately toward activities that generate greater added value.
These sectors include semiconductors, data centers, artificial intelligence, digital infrastructure, and high-tech startups. At the same time, the plan also draws on Greece’s traditionally strong sectors, such as infrastructure, energy, logistics, agri-food, medical tourism, and the so-called longevity economy. The philosophy of the new National Development Fund, according to Kyriakos Pierrakakis, is to connect the potential of the Greek economy with the markets and technologies that will shape the new productive model of the next decade — transforming public assets into a catalyst for investment and growth.
