A top ministerial committee in Greece on Friday provided the “green light”, as widely expected, to two major strategic investments in the country, one by IT giant Microsoft and the other by Athens-based multinational Terna Energy.
Total investments from both projects is billed as exceeding 1.2 billion euros.
Microsoft’s investment, via its local subsidiary Microsoft Hellas, deals with the creation and operation of big data centers in the greater Athens area, while Terna Energy plans to build what it calls a hybrid hydro pumped storage facility at the Amari site, on the eastern part of the large island of Crete, essentially a hydro-electric dam, underground pump station and adjacent wind farms. Terna says the project as the biggest of its kind in Europe and the first of its type in Greece.
The latter will create more than 400 job spots, according to the company.
Microsoft’s 976-million-euro investment is accompanied by a projection for 300 new job spots.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greece Faces Renewed Fears of Water Crisis Ahead of Summer 2025
Following a prolonged drought that began in 2024, fears of a water crisis highlight the urgent need for infrastructure improvements
Harvard, Yale, Columbia, and More Seek Collaboration with Greek Unis
Greece's former Minister of Education Kyriakos Pierrakakis announces an €82 million funding boost to support the partnerships
Greek Government Reshuffle Brings in More Young Technocrats
Greek PM Mitsotakis has brought in younger leaders and technocrats in a bid to accelerate the government's efforts at modernization and efficiency, according to New Democracy insiders
Greece’s New Government Members Sworn in at Presidential Mansion
Greece's new government members were sworn in on Saturday morning and head straight to work through the first meeting of the new cabinet.
Moody’s Upgrades Greece to Investment Grade, Ending Crisis Era
The rating agency raised Greece’s long-term credit rating to Baa3 from Ba1, with a stable outlook.
EFET on World Consumer Day: Humanity Faces New Challenges
This year’s message emphasizes the need for a transition to sustainable lifestyles while safeguarding consumers’ legally recognized rights. This means ensuring access to essential goods such as food and energy, as well as health and safety.
Athens Hotels Lead Europe in Value Growth for Third Year
Over the entire period from 2015 to 2024, the average annual increase in hotel value was 6.1%.
Unemployment Rate in Greece Down 8.9% in January: IOBE
The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report.
Demand for Short Term Rentals in Greece Surges Ahead of Easter
Among the most popular Easter destinations from Good Friday to Easter Monday are Corfu, Hydra, the Peloponnese, Ioannina, Patmos, Loutra Edipsou, Kavala, Thassos, and Pelion
Opposition Reacts Strongly to Greek Government Reshuffle
PASOK's spokesperson, Kostas Tsoukalas, characterized the reshuffle as a clear indication of Mitsotakis' "strategic deadlock."
![Airbnb: Ποιοι ελληνικοί προορισμοί θα γεμίσουν το Πάσχα [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/08/Airbnb-to-vima-90x90.jpg)
![Ξενοδοχεία: Άλμα 40% στις αξίες την τελευταία τετραετία – Πανευρωπαϊκή πρωτιά [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/10/ksenodoxio-90x90.jpg)
![Airbnb: Ποιοι ελληνικοί προορισμοί θα γεμίσουν το Πάσχα [γράφημα]](https://www.ot.gr/wp-content/uploads/2024/08/Airbnb-to-vima-600x399.jpg)
