With the leaps that the pandemic brought to the digital transformation, the needs for data storage in Greece, but also in the wider region of Southeastern Europe, are constantly increasing. Data centers are evolving into one of the most promising markets in the country, upgrading the prospects for the development of a regional data hub in the wider region. The investments that have already been announced create a footprint of more than 2 billion euros in the Greek economy for the coming years.
At the same time, European data protection requirements for European citizens are closing the door on data exports outside the EU, which creates scope for those who manage to gain a foothold in the new market.
The announcement of Microsoft’s investment, last October, for the creation of a Data Center Region in Attica, an investment of 400 million euros, sparked a series of new investments. As announced, the financial footprint of the investment of the American giant, which concerns the creation of three completely distinct units, will exceed 1 billion euros.
Footprint over 1.1 billion euros for Lamda Hellix
Another investment plan, with a huge footprint that will exceed 1.1 billion euros in a decade, is set by Lamda Hellix for next September. The strategic plan, the schedule of investments, as well as their contribution to the Greek economy, was the subject of a meeting, in the middle of last week, between Messrs. David Ruberg, executive vice president, Strategy & Emerging Markets of Digital Realty and Apostolos Kakkos, president and CEO of Lamda Hellix with Prime Minister Kyriakos Mitsotakis at the Maximos Mansion.
It should be noted that last November, Lamda Hellix was acquired by the American Digital Realty, through Interxion, which manages more than 100 data centers, mainly in Northern and Central Europe (Sweden, Ireland, Belgium, France, Austria, etc.) . Thus, the group set foot in Southeastern Europe. The investments that are expected to seal this acquisition amount to, according to estimates, 400 million euros and focus on making Greece a center for data transfer and storage in Southeast Europe, Africa, and the Middle East.
Lamda Hellix already operates two data centers at its facilities in Koropi, the first under the name Athens-1 since 2003, and the Athens-2 in 2015, and now the construction of Athens-3 and Athens-4 is underway.
Investment continuity
Having the same geographical area on the radar, Hellas Sat is also opening data centers. The company, which has associated its name with the homonymous Greek satellites, which serve data transfer, has already made its start from Cyprus. The first data center for the international television network NBC was built there as a business continuity center, which led to the fact that today the total facilities of the company in data centers have an area of about 1,000 sq.m.
As reported last week, the CEO, Mr. Christodoulos Protopappas, during an event for the twentieth birthday of the company, Hellas Sat will proceed to a new investment, amounting to about 10 million euros, to expand these facilities by 1,200 sq.m. (300 racks) in the area of Koropi.
Respectively, investments that will amount to 2.5-3 million euros for the next five years, are planned by the Greek firm Cloudrock, which provides “smart” data center services. The company, which has a privately owned data center, with an area of 1,000 sq.m., in Agios Stefanos, Attica, seeks to make the data centers smarter, utilizing Internet of Things (IoT) and artificial intelligence (AI) technologies.
Other groups such as OTE, TI Sparkle, Synapsecom, Space Hellas and Interworks are active in the data centers market, with new smaller investments in the range of 3 to 15 million euros are constantly announced. Recently, Lancom, which has two integrated data centers in Athens and Thessaloniki, announced the creation of the third, called “Balkan Gate I” in Kalochori, Thessaloniki. It is estimated that it will start operating in early 2022.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
