Deutsche Telekom is preparing a new large investment in Greece, entailing an IT and Software center in Thessaloniki.
In particular, according to a related announcement, Deutsche Telekom confirms its confidence in Greece and its development prospects, by investing in the creation of an Information Technology and Software center (Telekom IT hub), in the country’s second largest city, Thessaloniki. Work has already started, with IT Experts being gradually transferred from abroad. More than 200 additional IT professionals will be hired in Greece to better staff the center. The center will cover DT’s IT needs in Germany, providing IT and software services.
Read also: OTE: Deutsche Telekom’s stake in the company reached 50%
Licensing and residence permits
The contribution of the Ministry of Immigration & Asylum was very important for the implementation of the investment, as it activated the state mechanism and accelerated the procedures for the establishment of the center in Greece. Among other things, it facilitated the immediate transfer and relocation of IT Experts, ensuring the residence permit. At the same time, there was close cooperation with the competent Ministry of Foreign Affairs for the facilitation of entry into the country and the competent Ministry of Labor and Social Affairs for their registration in the health care and social security system, in order to complete their recruitment process.
Read also: Deutsche Telekom: CEO Tim Höttges’s visit to fiber optics projects in Greece
Ambitious plans
The Telekom IT hub in Thessaloniki aspires to develop into one of the most innovative IT centers in Europe, creating value for the company and its people, but also for the local community and the country.
Peter Leukert, Deutsche Telekom Group CIO and CEO of Telekom IT, said: “We chose Greece for the establishment of the Telekom IT hub, both for the level and training of the country’s human resources, and for the hands-on support provided by State in investment initiatives. I warmly thank the political leadership of the country, especially the Ministry of Immigration and Asylum, for the swift and coordinated actions, thanks to which the Telekom IT hub in Thessaloniki became a reality.”
Latest News
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%