Greece
Calamos Supports GreeceCalamos Supports Greece

business

IMF Warns Greece Could Face The Worst Coronavirus Recession in Eurozone

The International Monetary Fund (IMF) recently presented its World Economic Outlook, in which it predicts that Greece could experience one of the worst recessions in the world due to the coronavirus pandemic. The IMF said that Athens will see a...

Greece Confiscates Tons of Contraband Antiseptic Gels, Masks from China and Turkey

Greece's Economic Crime Prosecution Corps (SDOE) announced on Wednesday that they have confiscated tons of antiseptic gel, face masks and other personal protective equipment originating from China and Turkey. The SDOE's Attica division carried out a search on a company...

Greek Consumers Significantly Increase Use of E-commerce, Survey Shows

Greek consumers have significantly increased their use of e-commerce due to the coronavirus pandemic, an online survey conducted by the Research Institute of Retail Consumer Goods and ELTRUN, the e-commerce laboratory of the Athens University of Economics and Business,...

Supermarket Chains in Greece Announce Generous Bonuses for Their Staff

During these difficult times for all of us, doctors, nurses and carers have been at the forefront of the global fight against the coronavirus pandemic, receiving very well-deserved accolades and praise for their unstinting work in tough conditions. However, another...

Piraeus Bank Records Growing Profits During 2019

Piraeus Bank of Greece announced on Monday that it grew its net profit for the full year of 2019. This increase was aided by lower operating costs and higher net interest income. Piraeus Bank is Greece’s largest lender as measured by...

Joy in The Time of Coronavirus: Greece Divided Over Carnival Ban

2020 will certainly be a year to remember Greece's Carnival festivities, and the reason is that, for the first time in many decades, the country will not hold any Carnival festivities whatsoever. Well, at least, not any officially organized festivities. Thursday's...

Greek Unemployment Rate Falls to New Record-Low Levels

The Greek unemployment rate fell to 16.5 percent of the workforce in November of 2019, the latest month for which official data is available. The unemployment rate during the same month in 2018 was 18.6 percent, dropping to 16.6 percent in...

Canadian Customer-Care Firm to Create 600 Jobs in Athens, Greece

The Canadian firm ''24-7 Intouch'' announced recently that it aims to expand its operation in Europe, creating more than 600 jobs in Athens, Greece. The customer care and technology company said in a press release that it will open its...

Greece to Begin Procedures to Privatize Ten Regional Ports

The Greek government has launched the necessary legal procedures for the further commercial development of ten large regional ports in the country, according to an announcement issued on Friday. Finance Minister Christos Staikouras and Shipping and Island Policy Minister Giannis...

Greece Enables Non-EU Entrepreneurs to Come and Do Business in the Country

An amendment facilitating the entrance of foreign, non-EU nationals who are entrepreneurs to Greece was brought before the Greek Parliament on Tuesday. The amendment, which is attached to the Foreign Ministry's draft legislation entitled "Regulations for the United Kingdom's withdrawal...