Calamos Supports Greece

Kostis Hatzidakis

Shares of Athens Airport Make Spectacular Debut in the Stock Exchange

The Athens International Airport (AIA) shares made a spectacular debut on the Athens Stock Exchange on Wednesday, with its price rising more than 14 percent in midday transactions in heavy trading of more than 50 million euros. This follows after...

Demand for Athens Airport Shares Exceeds 8 Billion Euros

Demand by domestic and international investors for shares in Athens International Airport exceeded 8.0 billion euros ($8.7 billion) Greek authorities announced on Friday. According to the country’s privatization agency Hellenic Republic Asset Development Fund (HRADF) the initial public offering of...

Greece Announces Support Measures for New Parents

Greece announced a package of measures for new parents aimed at helping families cope with the rising cost of living and tackling the demographic problem facing the country. Minister of National Economy and Finance Kostis Hatzidakis and Minister of Social...

Greece Gets New Credit Rating Boost from Moody’s

Late Friday, the ratings firm Moody's gave Greece's economy a significant vote of confidence by raising the country's credit rating by two notches. Moody's said it was upgrading Greece's rating from Ba3 to Ba1, with a stable outlook. It stopped...

Greece Raises €3.5 Billion from 15-year Bond Issue

Greece on Tuesday successfully completed a 15-year syndicated bond issue, raising 3.5 billion euros ($3.86 billion) at an interest rate of 4.45%. Bids submitted exceeded 13.4 billion euros, of which 11.6 billion in cash and 1.8% in bond swap. The Greek...

Greece Raises Minimum Wage For Third Time Since 2020

Greece will raise the minimum wage from April 1 for a third time, Prime Minister Kyriakos Mitsotakis said on Friday, as high inflation takes a toll on household incomes. “I am under no illusions. I know that wages in our...

Greece Unveils Labor Bill with Emphasis on Working Hours Flexibility

Greece unveiled a new labor bill which the government says it aims to increase competitiveness through more flexible working hours.

Greece Launches Massive Reforestation Program

The Greek Minister of the Environment and Energy Kostis Hatzidakis recently announced the launch of Greece's largest reforestation campaign. The reforestation effort would lead to the planting of over 30 million trees over a period of 10 years. Planting will start...

Greek Environmental and Energy Ministry Buys Electric Cars and Bicycles for Staff

Greece's Environment and Energy Ministry received the first electric cars and bicycles that will be used exclusively by the ministry's staff on Friday. Environment and Energy Minister Kostis Hatzidakis stated "We have an ambitious green agenda and we must prove...

Greece Vows to Wage War Against Plastic Pollution

The Greek government announced a campaign on Wednesday to tackle pollution from plastics, and promised to completely ban single-use plastics by June of 2021. "Thirty-nine tons of plastic waste end up in the sea in Greece (every day) and a...