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Economy

Greece is at the center of global cloud computing

The implementation of Microsoft’s investment in Greece, amounting to 400 million euros, for a Data Center node in Attica, with the added value reaching 1 billion euros, was announced today by Prime Minister Kyriakos Mitsotakis, Microsoft President Brad Smith and Microsoft’s CEO for Greece, Cyprus and Malta, Theodosis Michalopoulos. Microsoft…

Recession in Greece at 15.2% in the second quarter of 2020

Greek economy sees record contraction of 15.2% in the second quarter of 2020, compared to the Ministry of Finance forecast for a 15.7% contraction. According to the Hellenic Statistical Authority (ELSTAT), compared to the 2nd quarter…

What does the agreement on the Recovery Fund provide for Greece

The Greek government made a first assessment of the agreement reached at the Brussels Summit, calling it a “historic day for the European Union, as it takes a decisive step towards greater political and economic integration”. It is…

The package for Greece is over 70 billion euros

Europe has shown that it can stand up to the circumstances and reach an agreement after four days of tough negotiations and a process of mutual concessions and compromises,” said Prime Minister Kyriakos Mitsotakis at a news…