Microsoft Reportedly Plans Massive €1 Billion Investment in Greece



Building 92 at Microsoft Corporation headquarters in Redmond, Washington. Credit: Coolcaesar/Wikimedia commons

Microsoft is expected to announce on Monday a massive €1bn ($1.17bn) investment in Greece for the establishment of its new activities in Europe, including cloud services, Greek media report.

The announcement will be made during an event at the Acropolis Museum attended by Greek PM Kyriakos Mitsotakis and the head of the American technology giant Brad Smith.

According to a report in Kathimerini, the investment concerns the installation of an important part of the new technological infrastructure of the company that is related, among other things, to the activities of cloud services.

The decision by Microsoft was taken in late September following talks with the Greek government and in particular the office of the Prime Minister, the Ministry of Digital Government, and the Ministry of Development, the paper says.

Microsoft together with the Greek government already worked this year on the “project Olympia” which concerns augmented reality applications at the archeological site of Olympia in a side pilot project that consolidated further conditions of trust and cooperation between the two sides, says Kathimerini.