MILAN, March 21 (Reuters) - Global fintech group ION has
proposed a 2 billion euro ($2.2 billion) investment project to
the Greek government to build a research hub in Athens' Attica
peninsula, a person close to the matter said.
Founded in London in 1999 by Italian businessman Andrea
Pignataro, ION supplies software and data to financial
institutions, supporting, for example, their trading and risk
management activities.
The project would concentrate roughly 3,000 ION employees in
its new Greek hub, mostly software developers who currently work
at the group's various research and development (R&D) centres
across the world, the person said.
The firm of Italian architectRenzo Piano, famous in Greece
for designing the Stavros Niarchos Foundation Cultural Center
that houses the National Library of Greece and the Greek
National Opera, would be responsible for the project, which
would include a park, sports centres and schools.
Reforms pursued by Greece after the global financial crisis
of 2008-2009 have spurred foreign direct investment (FDI) in
recent years.
The Greek economy rebounded quickly after the global
pandemic and the number of FDI projects jumped by 57%
year-on-year in 2022, against a 1% increase for Europe as a
whole, according to consultancy EY, with net inflows reaching a
record high of $8.4 billion.
Microsoft ( MSFT ) is currently building a datacentre region
in eastern Attica.
In December, Greece approved measures that introduce tax
incentives to attract foreign capital and promote innovation.
ION is discussing its project with the Greek government, the
person said, adding feasibility studies were being carried out.
News of the project was first reported by Greek online
publication Capital.
($1 = 0.9213 euros)
(Editing by Kim Coghill)