Greece to set up its first sovereign wealth fund, reform posting, bus services

A man looks at the Acropolis and the cityscape in Athens, Greece, April 12, 2024. REUTERS/Louisa Gouliamaki

ATHENS (Reuters) - Greece will set up its first sovereign wealth fund to sell state assets such as estate property, ports and public utilities that were not sold during its debt crisis, its finance minister said on Tuesday.

The fund, with initial capital of 300 million euros, will invest proceeds from thousands of state asset sales into green projects, infrastructure and new technology, Finance Minister Kostis Hatzidakis said in a news conference, unveiling the plan.