Microsoft on Tuesday announced it would invest one billion dollars in Poland to expand its operations, including the creation of a new regional cloud-computing data hub.<\/p>\n
The US tech giant said it had signed an agreement with Poland's state-backed National Cloud Operator to provide \"cloud solutions for all industries and companies in Poland\", according to a statement on its website.<\/p>\n
\"Another great global player chose Poland to locate its investment, worth as much as $ 1 billion, the largest in our region of Europe,\" Polish Prime Minister Mateusz Morawiecki said on Tuesday on his official Facebook page.<\/p>\n
\"This is another important step on the road to digitization and accelerating the development of the entire Polish economy.\"<\/p>\n
The investment project is expected to last seven years, Microsoft said.<\/p>\n
Microsoft is among the global leaders in providing cloud services -- an industry worth hundreds of billions of dollars.<\/p>\n
As well as charging for the service, cloud operators are able to harvest huge caches data and open up many other revenue streams.<\/p>\n
The National Cloud Operator was set up two years ago by the state-controlled PKO Bank and the Polish National Development fund to speed development of the digital economy.<\/p>\n
Once among the EU's most rapidly expanding economies, growth in Poland is set to shrink by 3.4 percent this year, according to a revised government projection, down from an expansion of 3.7 percent of GDP forecast prior to the pandemic.<\/p>\n<\/p>\n<\/p>\n
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Microsoft to invest $1 billion in Poland cloud - The Jakarta Post - Jakarta Post<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Microsoft on Tuesday announced it would invest one billion dollars in Poland to expand its operations, including the creation of a new regional cloud-computing data hub. The US tech giant said it had signed an agreement with Poland's state-backed National Cloud Operator to provide \"cloud solutions for all industries and companies in Poland\", according to a statement on its website. \"Another great global player chose Poland to locate its investment, worth as much as $ 1 billion, the largest in our region of Europe,\" Polish Prime Minister Mateusz Morawiecki said on Tuesday on his official Facebook page Continue reading