We're experiencing degraded Snowflake performance affecting all operations in the EU region.
We are investigating this issue and will keep you posted as soon as we have an update.
UPDATE Feb 24, 17:07 CET - After more detailed investigation there is a rapid increase of SQL compilation time of queries on snowflake side. It was reported to Snowflake Support and we are waiting for response from their side.
UPDATE Feb 25, 9:00 AM CET - We have confirmation from Snowflake support about high workload in their Cloud Service Layer on yesterday. Their engineering team taken steps mitigate the issue.
UPDATE Feb 25, 2:05 PM CET - After a detailed investigation we found that job performance was impacted from between 8 AM and 6 PM CET yesterday. We are still monitoring the situation. Please contact our support if your jobs are still having any problems with performance.