Breaking news

Eurobank Plans More Than €1.3bn In Financing For Crete By 2028

by THEFUTURE.TEAM

June 9, 2026

Long-Term Investment Vision For Crete

Eurobank has announced plans to provide more than €1.3 billion in financing to projects and businesses in Crete between 2023 and 2028. The investment programme forms part of the bank’s broader strategy to support economic activity and development across the island.

Strategic Focus On Diverse Economic Sectors

The slated funding will support key sectors including tourism and hospitality, energy and infrastructure, construction and real estate, trade, manufacturing, and services. Eurobank’s initiative is designed to establish a resilient and sustainable production model across Crete, fostering both economic diversification and robust growth. This strategic investment mirrors trends seen in global markets where targeted financial support spurs regional innovation and stability.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Strengthening Community And Infrastructure

Eurobank’s senior leadership will visit Crete from June 8 to June 10, 2026, for meetings with business representatives, local authorities and other stakeholders. The delegation will be led by Eurobank Chairman Giorgos P. Zanias and Chief Executive Officer Fokion Karavias, alongside senior executives from the bank. Meetings are scheduled across all regional units of Crete as part of discussions on investment opportunities and economic development priorities.

Commitment To Tourism And Sustainable Growth

Commenting on the initiative, Eurobank Chief Executive Officer Fokion Karavias described Crete as an economy with strong links between primary production, tourism and services. He noted that the island’s ability to promote local products internationally contributes to economic activity and supports the tourism sector.

Expanding Physical And Digital Footprint

Alongside financing initiatives, Eurobank plans to expand its presence on the island. The bank said it has supported projects worth €650 million during the past three years and is preparing to open a new Future Branch in Hersonissos. Major projects supported by the bank include the Northern Road Axis, the Crete-Attica electricity interconnection and the upgrade of Chania airport.

Looking Ahead

Eurobank expects additional investments exceeding €500 million by 2028. A special event scheduled for June 8 in Heraklion will feature Deputy Prime Minister Kostis Hatzidakis and Agapi Sbokou, Chair of the Board of the Greek Tourism Confederation (SETE), who will discuss Crete’s economic prospects and broader geopolitical developments. The bank’s Business Banking Tourism programme, now in its 16th year, has supported more than 65,000 small and medium-sized enterprises across Greece.

The Future Forbes Realty Global Properties

Mirendil Signs $100 Million Google Cloud Deal To Advance Self-Improving AI

by News Editor

August 6, 2026

AI startup Mirendil has signed a multi-year agreement worth more than $100 million with Google Cloud to secure computing infrastructure for its self-improving AI research.

The partnership reflects growing competition among AI companies to lock in access to high-performance computing, while cloud providers race to attract promising startups developing next-generation AI models.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Backing The Next Stage Of AI Research

Mirendil plans to use Google’s Tensor Processing Units (TPUs), Nvidia GPUs and managed training infrastructure to develop AI systems capable of improving their own performance over time.

Known as recursive self-improvement, the concept focuses on building AI that can refine its knowledge and capabilities with minimal human intervention. The technology is attracting growing interest across the industry, with several startups and leading AI labs exploring similar approaches.

According to co-founder and Chief Executive Behnam Neyshabur, the long-term goal is to develop AI that can automate scientific research and accelerate discoveries in fields such as medicine, biology and materials science.

Compute Capacity Becomes A Strategic Asset

Training increasingly advanced AI models requires enormous computing resources, making long-term infrastructure agreements a critical competitive advantage.

Mirendil said Google’s combination of TPUs and GPUs allows workloads to be matched with the most suitable hardware, improving efficiency while reducing costs for customers.

For Google Cloud, the agreement strengthens its position in the race to provide infrastructure for frontier AI developers, while giving the company exposure to one of the industry’s emerging approaches to next-generation artificial intelligence.