Microsoft to invest $1 billion in Polish cloud project

ARCHIVE PHOTO: A Microsoft logo is seen next to a cloud in Los Angeles, California, USA, on June 14, 2016. REUTERS / Lucy Nicholson

WARSAW (Reuters) – Microsoft will invest $ 1 billion in Poland as part of a plan that will involve opening a data center in the country to provide cloud services to companies and government institutions, the company said in a statement on Tuesday.

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Microsoft said it has signed a contract with domestic cloud provider Chmura Krajowa (National Cloud) to provide cloud services in Poland, as the central European country seeks to position itself as a regional technology center.

"I deeply believe that Microsoft's investment in Poland will be important for companies, public institutions and the education system and will allow them to digitally transform and implement new work patterns," said Polish Prime Minister Mateusz Morawiecki in a statement.

Chmura Krajowa (National Cloud) was formed in 2018 by Poland's largest bank, PKO Bank Polski, and the Polish Development Fund (PFR), with the aim of accelerating the digitization of companies and public administration, according to its website .

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The partnership with Microsoft will last seven years and will involve training people in Poland in cloud-based technology.

Alan Charlish and Marcin Goclowski reporting; Editing by Alex Richardson and Louise Heavens

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