This category refers to the Public Sector in the traditional sense and to the need for meeting all its requirements, such as borrowing and asset management.
As regards State subsidiaries, these are usually Société Anonyme (S.A.) companies with the Greek State holding one share and their activities vary depending on the corresponding supervising Ministry.
Thus, collaborations have been established with construction companies, companies specialising in the management of State assets, information brokers and IT companies etc.
Public Utility Organisations and associated subsidiaries in Greece and abroad
This refers to the market of Public Utility Organisations and Enterprises, where the last few years have seen a trend for their conversion to Société Anonyme (SA) companies by offering shares to private investors through public subscriptions, with the aim to ensure managerial and operational flexibility and raise the capital required for carrying out their investment plans.
In parallel, Public Utility Organisations and Enterprise establish subsidiaries with the aim to reallocate business activities within what has now become a competitive environment, and to secure the presence of the corresponding parent company in emerging markets, mainly in that of the Balkans.
Their operation is continuously improving, through the adoption of modern Management principles and private-sector efficiency criteria. The Management of these companies have made considerable efforts to break free of statism and civil service attitudes.