Greece signed an agreement with the world's biggest software company, Microsoft, on Monday to establish IT development centers in an effort to boost the country's competitiveness.

The agreement, signed by Microsoft Chairman Bill Gates and Greece's finance minister calls for the creation of centers to provide IT and business development skills.

"From being a laggard, Greece in a short amount of time is dynamically becoming a leader in the use of new technologies," Greek Prime Minister Costas Karamanlis said at the signing ceremony.

"Investment in advanced technology ... is a prerequisite for a break with the past, which is something the country needs, and for it to be a knowledge leader.

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Microsoft, Greece, IT, Information Technology, Agreement