Alexandros Exarchou says Greece's Recovery Fund expiry shifts growth to private sector

President and CEO of the AKTOR Group, Alexandros Exarchou, highlighted that the expiration of the EU Recovery Fund places the responsibility for Greece’s economic growth on the private sector. He argued that recent fiscal stability and debt repayment have improved market confidence, leading to increased foreign investment such as recent bond issuances and the Credia Bank and DEI capital increases. Exarchou stressed that continued fiscal discipline and political stability are essential to sustain this momentum.

Speaking as CEO of Atlantic SEE LNG Trade, he described the "Káthetos Corridor" LNG project as a national effort that will secure about 5.5 bcm of LNG per year from 2030 for 20 years through agreements with public entities in Ukraine, Bulgaria and Romania, with plans to expand to other Western Balkan countries. He warned that Europe’s reduced Russian gas supply and Qatar’s limited LNG exports could trigger an energy‑price surge and inflationary pressure, potentially requiring a Eurobond issuance to manage costs.

Overall, Exarchou sees the transition from public‑fund‑driven growth to private‑sector investment as an opportunity for Greece, provided that fiscal prudence and stable policymaking are maintained.