Calamos Supports Greece

Kostas Skrekas

Greece Fines Unilever and Procter & Gamble €1 Million

In an official decree, Greece's Ministry of Development has announced fines of €1 million each on Unilever and Procter & Gamble. The penalties were imposed due to the violation of gross margin cap regulations spanning over one hundred product...

Greece has ‘High Expectations’ from Gas Deposits Off Crete

The government in Greece said Tuesday it has "high expectations" from the exploration of natural gas in the maritime area off Crete. Greece began gas exploration starting with seismic surveys in November 2022 conducted by the ExxonMobil/HelleniQ Energy joint venture...

Greece Doubles Power Subsidies for Households, Businesses

On Tuesday, Greece announced the doubling of power subsidies for households and businesses in September, as the price of electricity has skyrocketed. Wholesale electricity price reached 549 euros per megawatt-hour (MWh) on Monday and is due to rise to 616.38...

Greece to Switch Off Floodlit Monuments Earlier to Save Energy

Greece will switch off floodlit monuments earlier as part of an EU-wide drive to reduce energy reliance on Russia and burn fifteen percent less gas this winter, Environment and Energy Minister Kostas Skrekas said on Sunday. In an interview with...

Greece and Egypt to Sign Electricity Link-Up

Greece and Egypt will ink a preliminary deal to build a large electrical cable connecting the two countries on Thursday. It is the first such agreement to be signed between Europe and Africa in the southeastern Mediterranean. The deal will...

Greek PM Samaras in Brussels for EU Summit

In Brussels on the occasion of the European Union summit will be today and tomorrow the Greek Prime Minister, Antonis Samaras, in the aftermath of the first, unsuccessful, ballot for the election of the new President of the Hellenic...

Philip Morris – Papastratos Agree on 25-Million-Euro Investment

Greece’s leading tobacco company Papastratos’ President and CEO Nikitas Theofilopoulos and Philip Morris International Vice President Massimo Andolina announced during a meeting with Development Minister Kostas Skrekas on Wednesday in Athens that the planned 25-million-euro investment is currently in the...

Greece to Abolish Operating Permits for 897 Professions

Greece 's government plans to abolish operating permits for almost 900 professions, Minister of Development Kostas Skrekas announced on Monday. According to Skrekas, permits will not be needed anymore for 897 professions, which account for 14.3% of the Greek GDP. A ministry official said...

Greek Govt Ministers Preparing for Upcoming Greco-Turkish Cooperation Council [Video]

Under the presidency of Greece’s Prime Minister Antonis Samaras and his Turkish counterpart Ahmet Davutoglu, the third Supreme Council of Greek–Turkish Cooperation will meet on December 5 and 6 in Athens and government Vice President and Foreign Minister Evangelos Venizelos asked the...

Greek Banks to Implement Law on 'Bad Loans'

Greek banks are ready to implement the law on "bad loans." This emerged after today's meeting at the government headquarters between Prime Minister Antonis Samaras, government Vice President Evangelos Venizelos, Finance Minister Gikas Hardouvelis, Alternate Finance Minister Christos Staikouras,...