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SAP to relocate south Europe HQ to Greece

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Prime Minister Antonis Samaras met on Tuesday with Germany-based SAP AG software giant co-CEO Jim Hagemann Snabe, in the context of the government's efforts to attract foreign investments to Greece and expansion of their activities in the country.

SAP, the enterprise application software market leader, posted profits of more than 11 billion euros in 2011, has more than 55,000 employees throughout the world and 190,000 clients the world over.

After the meeting, Snabe said he was impressed by the improvement presented by Greece and described his discussion with the Prime Minister as "very constructive", adding that the company's aim is to support Greek growth which, he said, is on the Greek government's agenda.amna

"We will invest in Greece," Snabe said, and announced that SAP will relocate its headquarters for southern Europe to Greece.

The two men examined ways for cooperation, aiming at reducing unemployment in Greece and boosting innovative entrepreneurship, while Snabe pledged to support initiatives by young entrepreneurs.

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