Calamos Supports Greece

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Study Shows Greek Hotels Overwhelmingly Dependent on Foreigners

The latest figures regarding the guests staying at Greek hotels reveal that the share of Greek citizens staying in Greek hotels has decreased significantly since the year 2010. More specifically, the report, published by the Greek Chamber of Hotels’ Institute...

Greece Records Largest Annual Unemployment Decrease in EU for 2018

Greece recorded the largest annual unemployment rate decrease in the EU for 2018, Eurostat disclosed in a report which was released on Monday. The European Executive's Statistics Service noted that the Greek unemployment rate fell a full 2.8 points, from 20.8...

Olive Oil, Cheese and Fish Lead to Boom in Greek Exports for 2018

The Panhellenic Exporters Association published new data on Thursday which show a significant increase in Greek food exports between 2017 and 2018. The data show that the products for which Greece has a very strong brand-name played a crucial role...

Greeks Paid More Than €8.3 Billion in Taxes in 2018

Greece’s Independent Authority for Public Revenue published figures on Thursday regarding the amount of taxes Greek citizens paid in 2018. According to the data, a total of 8,907,722 Greek taxpayers paid €8.328 billion in taxes in 2018 on combined declared incomes...

Greece Among Few Countries To Raise Taxes Over Last Decade

According to new data published by the Organization for Economic Cooperation and Development (OECD) on Tuesday, Greece was among the nine countries out of all 36 Organization members to raise business taxes during the last decade. The nominal tax rate...

Greece Seeing More Tourists — But They Spend Much Less

According to a study published on Tuesday by the Bank of Greece, tourism revenues, measured on a per capita basis, have declined in Greece over the last several years. This finding came as a bit of a surprise, as Greece...

Online Commerce Booming in Greece

According to data published by the Greek Statistical Authority (ELSTAT) on Thursday, the number of Greeks who used the internet to purchase goods for personal use increased significantly in 2018. More specifically, the regions with the highest increase were the Aegean...

Greek Inflation Rises by One Percent in November

Inflation, or the adjusted index of consumer prices, showed an increase of 1.1 percent in November over levels of a year ago, according to Greek Statistical Authority (ELSTAT) data  published on Monday. The average annual inflation rate for the period...

Driving Fatalities in Greece Halved Since 2007

The number of road traffic deaths in Greece has plummeted during the years of the economic crisis, according to figures presented on Tuesday at the Institute of Public Health of the American College of Athens (IPHACA). The data show that...

Cyprus: Unemployment Hits 9-Year Low

The number of the unemployed individuals registered with Cyprus’ District Labor Offices declined in October to the lowest level in nine years, according to data released on Monday by the Cyprus Statistical Service (Cystat). According to Cystat, the number of...