Calamos Supports Greece

Economy

Greece Among Europe’s Top Five Most Expensive Airbnb Destinations

Greece is one of the five European countries with the most expensive Airbnbs. Prices have skyrocketed over the past twelve months. A recent report from travel analytics company AirDNA found a surge in European travel, with average daily rates (ADR)...

IMF: Greek Economy to Grow Faster Than Eurozone Average

The Greek economy is expected to grow by 2.5% this year and 2% in 2024, significantly exceeding average growth rates of 0.7% and 1.2% in the eurozone, the International Monetary Fund (IMF) said in its World Economic Outlook report...

Foreign Investments in Greece Soared by Over 50 Percent in 2022

Foreign direct investment projects in Greece increased by 57 percent in 2022, according to a survey presented earlier in the week in Athens by Ernst & Young (EY), a British multinational professional services partnership headquartered in London. The "Attractiveness Survey...

Greece Projects Economy Growth at Faster Pace in 2024 Budget

The 2024 budget tabled in Parliament on Monday shows that Greece's economy is projected to grow at a faster pace next year, rising by 3.0 percent compared to a 2.3 percent expansion this year. According to the draft budget, Greece...

Greek Banks Win Credit Upgrades from Fitch and Moody’s

Greek systemic banks earned credit upgrades from credit agencies Fitch and Moody's on Tuesday following a recent round of upgrades of Greece's credit rating. Fitch Ratings upgraded Eurobank SA's Long-Term Issuer Default Ratings (IDRs) to 'BB' from 'BB-', and Viability...

John Koudounis on Interest Rates, Inflation, Recession Fears, Crypto and AI

"Most likely we will avoid a recession" notes John Koudounis in an exclusive interview to Greek Reporter. The president and chief executive officer of Calamos Investments also spoke about the US economy, interest rates, inflation, recession fears, crypto and...

‘I Do Not Foresee Lower Interest Rates Soon’ Koudounis Tells Concordia Summit

John Koudounis, president and chief executive officer for Calamos Investments told the Concordia Summit taking place in New York that he does not foresee lower interest rates soon. Koudounis spoke at a panel titled "Navigating Investment Landscapes: Capital and Opportunity"...

Agriculture in Greece Devastated by the Deadly Floods

Agriculture in Thessaly, the region regarded as the bread-basket of Greece, has been devastated by the recent floods that left 16 people dead. Αlmost 70% of cotton crop in Thessaly, Greece is estimated to have been damaged by the floods...

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 Credit Rating Raised to Investment Grade by DBRS

Rating agency DBRS Morningstar lifted Greece’s credit rating to investment-grade status to triple B on Friday following recent upgrades of other international agencies. DBRS said the upgrade reflected its view that, in line with Greece’s “impressive” record, “the Greek authorities...

Greek Economy Grew by 2.7% in Second Quarter

The Greek economy recorded a growth rate of 2.7 percent in the second quarter of 2023 compared to the same period in 2022, according to data compiled by the Hellenic Statistical Authority (ELSTAT). ELSTAT data indicate that, on an annual...

Oil Prices Rise as Saudi Arabia and Russia Extend Production Cuts

Oil prices hit a new annual high as Saudi Arabia and Russia, the world's largest oil exporters, announced an extension of production cuts. Brent crude, the global benchmark, rose 1.8 percent and traded above ninety dollars per barrel, while...

Greek Wine Production to Decrease 30% in 2023

Greek wine production in 2023 is expected to drop by 30 percent, primarily attributed to the prevalence of downy mildew, the Athens-Macedonian News Agency reported. The Greek Winemakers' Association's leader, Yiannis Voyatzis, disclosed this projection during discussions with Agricultural Production...

EU Economy Shifts From Almost Two Years of Trade Deficit to Surplus

After six consecutive quarters of deficit, the EU economy has finally shifted to a trade surplus with the rest of the world. During the second quarter of this year, the European bloc recorded a minor surplus of €1 billion. This...

Heineken Sells Russian Business for €1

Heineken has sold its business in Russia for one euro. The company had announced its plan to leave Russia over a year ago as a result of the Ukraine invasion. The Dutch company will be losing over €300 million by...