Calamos Supports Greece

Costis Hatzidakis

Long Troika Talks Stall Yet Again

A week after saying it had a deal in hand, the Greek government now is admitting that negotiation with its international lenders have sputtered again over unresolved reforms and a disputed hole in the 2014 budget. Envoys from the Troika...

Troika to Greece: Remove Competition Bars

Greece's international lenders have warned there won't be any deal on delayed reforms, needed before more monies can be released in the spring, unless the government finally lifts barriers to competition and scraps taxes on products that are hindering...

Greece Says EU Funds' Absorption Rate Surpassed Targets in 2013

Greece more than covered its targets for absorbing community funds in 2013, reaching 118 pct of the target set by a memorandum signed with the country's creditors, with another 5.8 billion euros remaining to be absorbed in the 2014-2015...

Sales Drop Even Further

Shop-owners have reported an increase in customer traffic until Christmas Eve, but a drop in the volume of sales especially in the major Greek cities. It has been estimated that Christmas holiday turnover will reach 6.8 billion euros, which is 800...

Foreclosures, Taxes Cost Coalition An MP

Greek Prime Minister Antonis Samaras' coalition - his New Democracy Conservatives and partner the PASOK Socialists - got narrow victories from the Parliament on Dec. 21 when lawmakers voted for a new unified property tax that hits farmers, and...

Development Ministry Defends Foreclosure Rules

The Greek Minister of Development, Kostis Hatzidakis on Thursday defended draft legislation on non-performing mortgages. The opposition disapproves and claims that the government is essentially lifting the current suspension on foreclosures. The Minister, in an interview with MEGA on Thursday...

Commissioner Hahn Gives Greece High Marks for NSRF Absorption Rate

Greece has more than met its targets in European Union fund absorption and is improving constantly, EU Commissioner for Regional Policy Johannes Hahn said on Thursday after meeting with Development and Competition Minister Costis Hatzidakis. "It is outstanding, in terms...

EU Subsidies To Greece Will Pour In

Although much of the money goes unused because of bureaucratic snafus and incompetence, Greece still is set to receive a record 7.5 billion euros ($10.15 billion) in European Union subsidies despite criticism over how the monies have been used,...

And Greece's Best Companies Are ….

The companies with the best working environment in Greece 2013 were named on April 23, based on the results of Best Workplaces research, at event organized by Great Place to Work Institute Hellas (GPTW). During the awards ceremony, Minister of...

Greek Railways Set To Be Sold Off

Under pressure from international lenders to speed the pace of privatization, the Greek government said the tender for the sale of a 100 percent stake in the Hellenic Railways Organization (OSE) is to start by the end of the...