Microsoft, Amazon and Google post losses in Romania despite significant business
<p>American tech giants Microsoft, Amazon, and Google, despite their significant operations in Romania, have reported no profits for 2023, according to data from the Romanian Ministry of Finance compiled by <a href="https://www.zf.ro/business-hi-tech/niciun-gigant-american-din-domeniul-tehnologiei-care-opereaza-in-22434995?mc_cid=a8f7704823&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a>.&nbsp;</p>

<p>The local subsidiaries of the three American groups reported combined revenues of approximately EUR 370 million and losses of EUR 25 million in 2023.&nbsp;</p>

<p>However, as these companies are accelerating their investments in cloud infrastructure, the local media mentions ongoing negotiations for a major data center in Romania.&nbsp;</p>

<p>This data center project could see investments ranging from USD 1 billion to USD 2 billion as discussions with the Romanian government progress. The focus is on finding suitable locations with adequate power supply and connectivity.&nbsp;</p>

<p>Thomas Kurian, CEO of Google Cloud, came to Romania on Monday and met with prime minister Marcel Ciolacu to discuss a partnership to enhance Romania’s cloud infrastructure. However, the two officials didn’t officially mention any talks about a potential Google investment in a data center in Romania.</p>

<p><em>andrei@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com/" rel="noopener" target="_blank">Cristina Ionescu/Dreamstime.com</a>)</em></p>