Calamos Supports Greece

Economy

Greece Appoints Internationally-Recognized Experts to Shape Nation's Growth Plan

The Greek government announced on Thursday the formation of a special commission to draft a new "Growth Plan" for the Greek economy. The commission includes economists and executives who will combine their accumulated academic knowledge, international acumen, market knowledge and...

Revenues at Greek Museums and Archaeological Sites Continues to Rise

The number of visitors to Greek museums recorded an increase of 2.5 percent and there was a 12.3 percent rise in visits to the country's many archaeological sites in September of 2019 compared to the same period in 2018. These very encouraging figures...

2019 Greek Budget Records Primary Surplus of Almost €5 Billion

The Greek state budget recorded a primary surplus of 4.96 billion euros in 2019, up from a budget surplus target of 4.4 billion and a primary surplus of 91 million euros in the same period in 2018, the Finance Ministry said...

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...

Economic Sentiment Index in Greece Reaches Pre-Crisis Levels

The economic sentiment index in Greece rose to 109.5 points in December, from 107 in November, the Greek Foundation for Economic and Industrial Research (IOBE) announced in a report on Thursday. This is the highest level seen since November of...

2019 Proves to Be the Best Year for Greek Stocks in Two Decades

Barring any unforeseen turbulence which might occur in the very last days of 2019, the Athens Stock Exchange (ATHEX) is set to celebrate its best year since the turn of the millennium. ATHEX is among the top performers among stock...

Greek Parliament Approves Ambitious 2020 State Budget

The 2020 state budget was passed in parliament by a majority roll-call vote on Wednesday night, at the end of a five-day debate. In the 300-seats chamber, 158 MPs favored the state budget and 139 MPs rejected it. Three lawmakers...

Greece to Ask Creditors for Lower Primary Surplus Targets in 2020

Greece will be able to ask its creditors to lower the primary surplus targets and plans to do so in 2020, Finance Minister Christos Staikouras said in a debate on the 2020 state budget in Parliament on Saturday. "To reduce...

''Rebrain Greece'': Government Presents Pilot Program to Bring Professionals Back from Abroad

A new pilot program for the repatriation of at least five hundred Greek professionals with high qualifications and experience, dubbed "Rebrain Greece," was presented on Monday by the country's Labor Minister Yiannis Vroutsis. The program aims to work as a...

Greek Mobile Companies Pledge to Change Internet Data Charges Following Meeting with PM

Premier Kyriakos Mitsotakis held a meeting with representatives of mobile phone companies at the Prime Minister's residence of Maximos Mansion on Friday. According to sources, the meeting focused on the digital transformation of the country, Greece's low performance in terms of global...