Greece’s Growth Gamble: Innovation & Infrastructure Fund Targets €1 Billion Investments

Greece is opening a new chapter in its growth trajectory with the launch of the Hellenic Innovation and Infrastructure Fund (HIIF), an investment arm of the Hellenic Corporation of Assets and Participations (HCAP). The fund begins with an initial capital of €303 million and aims to attract €1 billion in investments over the coming years.

The new vehicle will focus on high-potential sectors such as energy, agritech, the circular and blue economy, and digital infrastructure, pursuing long-term returns with social, economic, and environmental impact through disciplined strategy and independent governance.

The fund’s design and preparation were supported by BlackRock Financial Markets Advisory, while its first investment is expected to be completed in the coming months.

Stability, investment, and everyday life

Speaking at the Athens International Investors Summit, Prime Minister Kyriakos Mitsotakis highlighted the resilience of the Greek economy, stressing that:

• Greece is growing at rates well above the eurozone average,
• cutting taxes,
• prioritizing private investment, and
• improving the business environment.

At the same time, he acknowledged that the biggest challenge is “connecting the macroeconomic picture with people’s everyday lives” at a time when living costs remain high.

Commitment to irreversible reforms

Mitsotakis emphasized that political stability has been key to recent progress, stating: “My job is to ensure the changes we have implemented are irreversible.”

He linked this pledge to his intention to seek a third term, arguing it is necessary to sustain growth and distribute wealth fairly. Among his government’s priorities, he highlighted:

• wage increases alongside a drop in unemployment from 18% to 8%,
• tax cuts focused on the middle class, young people, and families,
• and the fight against tax evasion, which has boosted revenues.

Green transition & European defense

On strategic challenges:

• In energy, Mitsotakis noted that Greece now generates over 50% of its electricity from renewables, making it for the first time a net energy exporter. However, he stressed the need for new investment in interconnections, storage, and natural gas infrastructure.
• On defense, he described it as “a supreme European public good”, calling for the creation of a pan-European financing mechanism for missile and air defense to meet emerging threats.

With this initiative, Greece seeks to cement its position as an international investment destination, a frontrunner in the green transition, and a reliable partner in Europe’s defense strategy—driven by stability, reform, and fair wealth distribution.

Source: pagenews.gr