Calamos Supports Greece

Economy

Crete Voted Fifth-Best Travel Destination in the World

The Greek island of Crete has just been voted the fifth best of all the world's top destinations in TripAdvisor's recent "Best Destinations in the World - Travelers Choice" awards. Crete was featured among the most well-known and popular tourist destinations...

EU Predicts Rosy Outlook for Cyprus Economy This Year

The Gross Domestic Product (GDP) of the island nation of Cyprus is expected to grow by 3.3 percent in 2019, the European Commission said on Thursday. The commission predicted this rosy outlook on the basis of new data which...

Greek Shipping is First in The World in Vessel Value

The Greek shipping has risen to first place in the world as measured by the value of its vessels, the ''VesselsValue'' data company announced earlier this week. Shipping vessels owned by Greek companies reached $105 billion (€92 billion) in value in...

Businesses With Macedonian Names and Brands Concerned About Prespa

More than four thousand Greek businesses which have the terms "Macedonia" or "Macedonians" either in their brand names or in their descriptions, are now concerned about what the future might bring. According to Greece’s Kathimerini newspaper, 182 total businesses in Greece have brand...

Trans-Adriatic Natural Gas Pipeline Nearly Complete

Katerina Papalexandri, the manager of the Greek section of the new pipeline, announced on Monday that the construction of the Trans-Adriatic Pipeline is nearly complete. Speaking with the state-run AMNA news agency, Papalexandri said that the excavations to lay the pipe...

Greek Farmers Block Main Highways in Protests

Greek farmers from across the country have started protesting by blocking roads and highways in many areas across the nation. The farmers are demanding lower oil prices, reductions to the costs of production, better taxation rates and lower social security...

Greece Raises Minimum Wage to €650, Nixes Sub-Minimum for Under-25s

Greek Prime Minister Alexis Tsipras announced on Monday that the nation will raise its minimum wage to €650 ($745) per month, and his government will abolish the ''sub-minimum'' wage which has been paid to those under the age of 25. Tsipras declared...

Attica Region Touted as Ultimate Wedding Destination

Local authorities from Greece’s largest prefecture of Attica revealed this week that they plan to promote wedding tourism in the region in the coming year. The announcement was made at the unveiling of Attica's strategic plan for tourism for 2019. Speaking with the...

Greece's Public Debt on the Rise

Greece’s public debt reached €334.988 billion in the third quarter of 2018, an increase of €21.493 billion over that of the same quarter in 2017, the Greek National Statistical Authority (ELSTAT) said on Monday. The Greek statistical authority noted that...

Greek Start-Up Acquired By Chinese Giant Alibaba for €90 Million

A German-based Greek start-up company founded by Greek entrepreneur Kostas Tzoumas was bought by the gigantic Chinese company Alibaba earlier this month for approximately €90 million. The start-up, named ''Data Artisans'', founded in 2014 by the Greek graduate of Athens’...