Calamos Supports Greece

Greek businesses

Greece Loses 244,000 Businesses During Economic Crisis

Marinopoulos super market chain, which filed for protection from creditors on Tuesday, is the latest of the hundreds of thousands of businesses that shut down in crisis-stricken Greece. According to European Commission figures, at the end of 2015 there were...

More Businesses Shut Down Than Started in Greece in 2016

More businesses were shut down than opened in Greece in the first five months of 2016, according to figures by the newly established General Electronic Commercial Registry (GEMI). Specifically, from January 1st, 2016 until May 31st, 12,538 new businesses were...

Tsipras Speaks of Growth While Companies Shut Down One After the Other

  One month ago it was Elektroniki Athinon, the biggest Greek owned appliance chain, yesterday it was Athens Ledra Hotel, former Ledra-Marriott, today it is Pyrsos Security, all big and respected names in their respective sectors. They all shut down,...

Almost 2,000 Greek Companies Relocated to Bulgaria in 2015

Greece's Ambassador to Bulgaria Dimosthenis Stoidis said that about 2,000 Greek companies relocated to the neighboring country in 2015. The ambassador spoke to Bulgaria's Novinite news agency about several issues regarding the two neighbors. On the migrant crisis, Stoidis said he...

More than 16,000 Businesses Shut Down in Greece in 2015

More than 16,000 businesses shut down in Greece in 2015, according to European Commission figures. Since the economic slump of 2008, and the 2010 economic crisis that followed, the private sector in Greece has received a tremendous blow with a total...

Commerce Chamber: High Taxes Drive Companies Away from Greece

High taxes and insurance contributions drive businesses away from Greece, says the Athens Chamber of Commerce and Industry (EBEA). In a pamphlet issued by the chamber entitled "Who is driving Greek businesses away," all the factors that make Greek entrepreneurs move...

Greek Lawyer Turned Online Entrepreneur Supports Small Greek Businesses

The economic depression in the Mediterranean – and especially Greece – has dominated Europe’s headlines in the last several years, leading many businesses to bankruptcy and people to unemployment. Two years ago, Greek London-based lawyer; Joanne Skoulikas quit her successful...

Greece Named Partner Country of Anuga Trade Show in Germany

Enterprise Greece is organizing Greece’s national participation in the largest International Food Trade Show in the world, Anuga 2015, which will take place in Cologne, Germany from October 10 to 14. Earlier this year it was announced that Greece...

European Commissioner Cretu: 'We Will Continue to Support Greece'

European Commissioner for Regional Policy Corina Cretu participated in the emergency meeting of the European parliament's Regional Development Committee to discuss Commission proposals to support Greece. Cretu made the following statement: "Today I participated in an emergency meeting of the Committee on Regional Development...

Greek PMI Plunged to 39.1 Points in August‏

Greece's Purchasing Managers' Index (PMI) fell to 39.1 points in August, one of the lowest levels ever recorded, reflecting a sharp deterioration of business conditions in the country's manufacturing sector. The lack of new orders and further sharp decline in production...