Calamos Supports Greece

Greece

OAED Data Shows Reduction in Unemployed Numbers for March

According to Manpower Organization (OAED) data, March's numbers for unemployment in Greece were reduced by 2.51 percent. OAED announced the latest figures on Wednesday and says that the 2.51 percent reduction, equivalent to 27,573 people, is due to the fact...

OAED: 2.09% Rise in Registered Unemployed in January

New people registered to Greece's Manpower Employment Organization (OAED) in January amounts to 17,950, according to data that was released by the organization today. Τhis means, there was a 2.09% raise since last month. More specifically, the total of registered...

Jobs for 50,000 Unemployed Through OAED

A new program concerning unemployed people that come from families whose members are all unemployed will be implemented in August through the Manpower Employment Organization (OAED). The program concerns 50,000 unemployed people, who will work for five months. The program...

Greek Unemployment Falls to 17.6 Percent in April, Lowest Since 2011

The Greek unemployment rate fell to 17.6 per cent of the workforce in April 2019 from 18.2 per cent in March and 19.8 pct in April last year, the Greek Statistical Authority (ELSTAT) said in a report on Thursday. This...

Historic Greek City of Eleusis to Become "European Culture Capital 2021"

Only 20 km (12 miles) from Athens, Elefsina (Eleusis) is an ancient city which became an industrial hub in the nineteenth century. Over the last several decades, however, it turned into a rather drab, tired post-industrial town. But now the...

Greek Bureaucracy Blocks Relief Fund Distribution to Victims of East Attica Fires

House Speaker Nikos Voutsis announced today that out of the 37.7 million euros collected for emergency aid to the victims of the deadly East Attica fires in July, not one euro has been disbursed four months later. The issue was discussed...

Unemployment Rises 4.88 pct in November Compared to October

Registered unemployment climbed by 4.88 pct in November compared to October, according to the Greek Employment Manpower Organization (OAED) on Wednesday, adding 40,261 people to the ranks of the unemployed. Overall, November's registered unemployed came to 864,778 in November, compared...

Registered Unemployment up by 3% in October

Registered unemployment grew 3.07% in October from September; totaling 824,517 people, the Workforce Employment Organisation (OAED) announced on Monday. In its monthly report, OAED said that 59.83% of registered unemployed were out of work for more than 12 months and...

Greek Unemployment Rate Eased to 21 pct in July

  Greek unemployment eased further to 21 pct of the workforce in July, from 23.4 pct in the same month last year and from an upwardly revised rate of 21.2 pct in June 2017, the Hellenic Statistical Authority said on...

New Measures Required by Greece's Creditors Abolish 4 Welfare Allowances

Poorer households in Greece are hit by the new measures required by creditors as four welfare allowances have been abolished. The new austerity measures included in the omnibus bill voted in Greek parliament on Thursday leave out the four benefits...

Number of Unemployed Reduced by 98,000 as Tourist Season Starts in Greece

The number of registered unemployed is reduced by almost 98,000 in April as the tourist season started in Greece, according to the Greek Statistical Authority (ELSTAT). Compared to March, the number of jobless Greeks registered in the unemployment office (OAED)...

LAEK Subsidies See 3-Year Delay in Payments

To date there has been a 3-year delay in payments to subsidies of companies who are funded through the Account for Employment and Professional Training (LAEK) for their internal training programs, sources have reported. The delay is said to mainly...

Starting Greek Professionals Will Have to Repay Discounted Security Contributions Retroactively

A circular of the new single security fund (EFKA) says that starting Greek professionals will pay discounted contributions for the first five years, but will have to repay them retroactively plus interest. This comes after a promise by Prime Minister...

Tsipras' Pretend Heroism Is for Internal Consumption Only

Greek Prime Minister Alexis Tsipras wore his Spring 2015 costume again and started acting like the leftist messiah who would change Greece and Europe. So, he started attacking the European Union institutions and the International Monetary Fund. You can...