Greece Approves Microsoft Data Center, Amarion Dam Projects Worth over €1.2B

ATHENS – Two new strategic investments worth over 1.2 billion euros were approved on Friday by Greece’s Interministerial Committee of Strategic Investments.

Approved projects included Microsoft Hellas’ “Investment in Data Centers in Greece” and TERNA Energy’s “Hybrid Project of (Amarion) Rivers Dam”, both of which are expected to create 410 new jobs.

Participants in the approving committee included the ministers of Development & Investments, Finance, Environment & Energy, and Culture & Sports, among others.

Microsoft Operations Hellas will be responsible for creating three data centers in the Attica region. The cost is estimated at over 976 million euros, and the project is expected to create 300 jobs over a decade.

TERNA Energy’s project relates to building a hybrid station (wind and water) using the power of 26 wind turbines, and combining it with a controlled operation system. Cost is estimated at 240 million euros and the project is expected to create 110 new jobs.

Development & Investments Minister Adonis Georgiadis said the Microsoft investment “will establish Greece as an international data center hub, which along with other investments following this will create a new digital economy that Greece will play a leading role in. We are very proud to have reached this point, and I personally want to publicly thank Alternate Development & Investments Minsiter Nikos Papathanassis for his contribution in this particular investment.”

On his part, Papathanassis said the investments “are an important indication that despite the constant crises Greece is facing, it is on a path to a strong and viable development. Investment interest in Greece is increasing constantly and Greece is undoubtedly now one of the most attractive investment destinations in Europe.”


WASHINGTON - The last thing NATO needs is another source of tension between Greece and Turkey, Prime Minister Kyriakos Mitsotakis told Washington Post journalist David Ignatius during a chat at Georgetown University on Monday.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.


A. Diamataris on “ERT” Regarding Mitsotakis’ Visit to the U.S. (Video)

ATHENS – Antonis H. Diamataris, Advisor to the Publishers of Ethnikos Kirix and The National Herald, appeared on Greek state television, in particular, on ERT1’s show ‘From Six’.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.