Greek Prime Minister Kyriakos Mitsotakis visited San Francisco to attract technology companies to Greece. The country is set to regain developed market status from MSCI in 2027. Mitsotakis highlighted that Greece is reducing its debt, with 10-year bond yields at approximately 4.3%, compared to 5% for U.S. Treasuries.
The government has allocated a portion of the €36 billion received from the EU recovery fund toward digital infrastructure. Projects include an online government portal and a new supercomputer in Lavrio, developed with Hewlett Packard Enterprise, designed to support AI research. The facility is expected to launch within months.
Greece has implemented policy changes to support the tech sector, including tax incentives for returning citizens, revised labor laws, and new stock option taxation rules. The prime minister noted that public universities are increasingly focused on spinning out startups, though he acknowledged that visa processing speeds require improvement.
Regarding AI, the government plans to ban social media for children under 15 starting in January. Greece is also conducting an education pilot with OpenAI to test AI tutors. Additionally, the country is actively courting data center investments, with projects currently underway by Microsoft near Athens and AWS in a former coal region.
