Calamos Supports Greece

Economy

Study Finds Brain Drain is the Biggest Worry of Greeks and Other Europeans

A survey conducted recently by YouGov for the European Council on Foreign Relations shows that the nations of Southern and Eastern Europe worry more about emigration than immigration. The trend of millions of young, educated people leaving Southern and Eastern...

Greece Records Largest Annual Unemployment Decrease in EU for 2018

Greece recorded the largest annual unemployment rate decrease in the EU for 2018, Eurostat disclosed in a report which was released on Monday. The European Executive's Statistics Service noted that the Greek unemployment rate fell a full 2.8 points, from 20.8...

Greek Parliament Votes in Favor of New Primary Residence Protection Bill

The Greek Parliament approved on Friday the new Primary Residence Protection bill which came up for discussion in the Parliament on Wednesday. Out of 231 MPs who participated in the vote, 194 voted in favor of Article 68, which incorporated...

Olive Oil, Cheese and Fish Lead to Boom in Greek Exports for 2018

The Panhellenic Exporters Association published new data on Thursday which show a significant increase in Greek food exports between 2017 and 2018. The data show that the products for which Greece has a very strong brand-name played a crucial role...

No Agreement on Primary Residence Protection Delays Eurozone Cash to Greece

The Euro Working Group concluded its meeting on Monday night without an agreement on when the Eurozone will release the first tranche of approximately one billion euros to Greece. This amount of money is the first tranche of approximately €4.8...

Germany Opposes Greek Plans to Repay IMF Loans Early, Report Says

The German Finance Ministry is believed to be opposed to Greece's plans to repay the country's loans to the IMF earlier than stipulated, the German paper Handelsblatt reported on Friday. The Greek Finance Ministry is planning to repay a sum of €3.8...

Greeks Paid More Than €8.3 Billion in Taxes in 2018

Greece’s Independent Authority for Public Revenue published figures on Thursday regarding the amount of taxes Greek citizens paid in 2018. According to the data, a total of 8,907,722 Greek taxpayers paid €8.328 billion in taxes in 2018 on combined declared incomes...

''Golden Visa'' Investors and Tourism Boosting Greece's Recovery

  The Greek economy is currently undergoing a major transformation, mainly because of the real estate boom and record-breaking tourist arrivals, the New York Times reported on Wednesday. The American newspaper analyzed the two major factors which are contributing to Greece's...

Most Greeks Living Abroad Would Like To Return Home

Nearly six out of ten Greeks who live and work abroad wish to return to Greece, according to a survey presented on Monday by Greece's National Documentation Center. Asked about which conditions would make the ex-pats return, the Center's report...

Greece Declared The World's Best Cruise Destination for 2019

Another major distinction for the Greek tourism industry came recently from London, where the country won a ''Wave Award'' for being the world's best cruise destination for 2019 in a ceremony last week. The Wave Awards are considered ''the Oscars of Cruising''...