Calamos Supports Greece

Economy

Greece to Offer Limited Number of Citizenships to Major Real Estate Investors

The Greek government plans to introduce a limited citizenship-granting scheme to non-EU nationals who wish to invest more than €2 million in the country's real estate market, it was disclosed on Thursday. According to media reports, Greek authorities are reviewing ways...

Greek Government Decides to Sell 30% Stake in Athens' International Airport

The sale of a 30 percent stake in Athens' Eleftherios Venizelos International Airport was decided at a meeting of the Greece's Government Council on Economic Policy, held at the Finance Ministry on Wednesday. Greek Finance Minister Christos Staikouras noted that "it is our...

Mitsotakis Announces Tax Cuts for 2020 and Absentee Ballot for Expats From Thessaloniki

Greece's Prime Minister Kyriakos Mitsotakis announced on Saturday evening that Greek expatriates will obtain the right to vote in Greece's elections using absentee ballots, during the official inauguration of the 84th Thessaloniki International Fair (TIF). PM Mitsotakis presented what he...

Greece and Cyprus Record EU's Largest Quarterly Employment Increase

According to the latest data collected by Eurostat, the nations of Cyprus and Greece recorded the largest increase in employment in the entirety of the EU during the second quarter of 2019. More specifically, Cyprus recorded a 0.7 percent increase in...

US Ambassador Pyatt Calls Greece ''The Guardian of European Energy Security''

Speaking on Friday at the Southeast Europe Energy Forum 2019, currently taking place in Thessaloniki, the American Ambassador to Greece Geoffrey Pyatt said that Greece plays a leading role in the region in regard to energy-related issues. Pyatt expressed the...

€7.4 Billion in VAT Revenue Lost in Greece in 2017; €137 Billion Lost EU-Wide

According to the latest data published by the European Commission on Thursday, the nation of Greece lost €7.4 billion in revenues from Value-Added Tax (VAT) that was not collected during 2017. The extent of the practice of tax evasion across...

Greek Economy Grew by 1.9% During Second Quarter of 2019

The Greek economy grew by 1.9 percent during the second quarter of 2019, compared to the corresponding period in 2018, the Greek Statistical Authority (ELSTAT) announced on Wednesday. The statistics service also announced that Greek GDP rose 0.8 percent in...

Next ECB President Lagarde In Favor of Reducing Greece's Primary Surplus Targets

Christine Lagarde, the current Chairman of the International Monetary Fund (IMF) and the next President of the European Central Bank (ECB) suggested on Wednesday that Greece's commitment to a primary surplus target of 3.5 percent of GDP should be...

European Commission Calls on EU Citizens to Prepare for No-Deal Brexit

The European Commission issued a statement on Wednesday in which it calls on all 513 million EU citizens to prepare for the upcoming UK exit from the EU and its implications in their everyday lives. The statement, titled ''Final Commission...

Foreign Investment in Greek Properties Skyrockets in First Half of 2019

According to the latest data published recently by the Bank of Greece, the foreign capital flowing into Greece to buy properties during the first six months of 2019 showed a staggering increase of 49 percent compared to the same...