Calamos Supports Greece

Greece

World-renowned Greek Scientist Resigns from "Unreliable and Bureaucratic" Hellenic Space Agency

Dr. Stamatis Krimizis the renowned Greek scientist in space exploration, who returned to Greece to help his country, has announced he is quitting from the helm of the newly-established Hellenic Space Agency (HSA) citing bureaucratic and politically-motivated obstacles to...

A Greek Among The 100 Most Powerful People of Telecommunications

According to the GTB Power 100 list, issued by the British magazine Global Telecoms Business, Michael Tsamaz is among the 100 most powerful people of telecommunications. Tsamaz, Chairman and CEO of the Hellenic Telecommunications Organization (OTE), is ranked number 84. Randall Stephenson, Chairman...

Hellenic Telecomms Organization S A Re Agreement

Hellenic Telecommunications Organization SA (ASE: HTO, OTC MARKET: HLTOY) announces that today it signed a Share Purchase Agreement with PREDUZE E ZA TELEKOMUNIKACIJE "TELEKOM SRBIJA" AKCIONARSKO DRU TVO ("Telekom Srbija" or the "Company") to sell its entire stake of...

Hellenic Telecom Cuts Overtime & Allowances to Trim Costs

Hellenic Telecommunications Organization SA, Greece’s biggest phone company, will cut overtime and allowances for managers, to save 32 million euros as profit and sales fall. The Athens-based former monopoly, in which Deutsche Telekom AG has a 30 percent stake,...

Siemens Kickback Case Reemerges in Greek Appeals Court

A former Greek minister should be found guilty of money laundering, a court heard on Monday. Tasos Mandelis, a former socialist transport minister, was found guilty of money laundering in the Siemens kickbacks case, and was handed an eight-year suspended sentence in...

Greek Telecoms Provider (OTE) Sheds Another 350 Workers

The Hellenic Telecommunications Organization (OTE), Greece's telecoms provider, announced the implementation of a Voluntary Exit Scheme, primarily addressed to OTE employees near retirement as part of the company's efforts towards increasing competitiveness, rejuvenating its work force and creating new...

EWG Gives Greece 24-Hour Deadline to Comply with Bailout Actions

The  Euro Working Group (EWG) meeting on Monday gave the green light for the disbursement of a 7.5-billion-euro bailout tranche to Greece provided that loose ends are tied up by Tuesday. The decision, based on a compliance report compiled...

Greek Supreme Court Says Four Germans in Siemens Case Must Stand Trial

The Greek Supreme Court's prosecution on Tuesday denied the petitions of four German nationals asking for the withdrawal of an indictment ordering them to stand trial for a Siemens kickbacks case. The petition was filed by Roland Koch, Reinhard Herbert Siekaczek,...

Tsipras Becomes the First Greek PM to Raise the War Reparations Issue at a Top Level

Alexis Tsipras became today the first Greek Prime Minister to raise the issue of World War II reparations at a top level, during his meeting with German Chancellor Angela Merkel in Berlin. As the leftist Greek Premier said, the long-standing dispute...

Greek Govt VP Dragasakis: We Will Make Dialogue, Not Blackmail

"Since Sunday evening Greece is a country with its own proposals. We understand that the other countries also have their own suggestions, their own parliaments and we talk about dialogue, not mutual blackmailing," government Vice President Giannis Dragasakis underlined...

Citigroup: What Might a SYRIZA Govt Mean for Greek Equities

U.S. based multinational banking and financial services corporation Citigroup is examining what a SYRIZA government might mean for Greek equities, taking in account the upcoming presidential election in Greece and the risk of early general elections which might bring...

Viewers Tired of Greek TV Programs

Panagiota Fotou is so fed up with bad news on Greek free television that she’s willing to pay for programs that help her forget about her country’s economic woes, as she stated at Bloomberg report. “People are tired of crisis-related...

Arrest Warrant for Christoforakos And Karavelas

The investigators of the Greek Siemens case issued arrest warrants against the former company executive members Michael Christoforakos and Christos Karavelas, who appear to be the key players in this case. According to the Court of Appeal, the two arrest...

Deutsche Telekom Said in Talks to Buy Greece ’s OTE Stake

Deutsche Telekom AG (DTE) has made an offer to buy the 10 percent stake in Hellenic Telecommunications Organization SA (OTE) held by the Greek government, according to two people familiar with the matter. Germany’s biggest phone company owns 40 percent...

Ex-Minister Mantelis Tried Over Siemens Scandal

Greece's crackdown on corruption is continuing with the prosecution of former Transport Minister Tasos Mantelis, along with another four people on charges of being involved in the Siemens bribery scandal, according to the decision of the Council of Appeals...