Calamos Supports Greece

Exports

Greek Fruit and Vegetable Exports Increase in First Half of 2016

Fruit exports surged in the first half of 2016, increasing by 47.4% in volume and 25.7% in value as 787,444 tons were exported bringing 413.939 million euros in revenue. Vegetable exports increased by 23.5% in volume, reaching 152,822 tons, and...

36 SYRIZA Deputies are Calling for the Legalization of Medical Cannabis

36 leftist SYRIZA MPs submitted a question to Greek Health Minister Panagiotis Kouroumblis regarding the use of cannabis for medicinal purposes. The question, titled "National plan for medicinal cannabis," follows a previous request for the legalization of medical marijuana...

Cyprus' Trade Deficit Rises in January to February 2016

The trade deficit in Cyprus has registered higher for the period of January to February 2016, as compared to the same period in 2015. Specifically, trade deficit on the island was 465.7 million euros for 2016, while in 2015 it...

Three Weeks of Railway Stoppage: The Economic Effects of the Refugee Crisis at the Border

As the refugee crisis keeps developing, recent changes in the status quo in Greece's northern border with the Former Yugoslav Republic of Macedonia (FYROM) has had a significant effect in the operations of the railway track that connects Thessaloniki and the...

Capital Controls Continue Negative Impact on Greek Exports

The impact of capital controls imposed by the Greek government at the end of June is still felt by Greek exporters, ELSTAT says. According to October figures released by Greece's statistical authority, capital controls hurt all categories of products. The total...

Greek Wine Fashionable in London and New York

Greek wine, especially white, has become fashionable in the restaurants of New York and London and it’s certain that current production will need to increase to meet demand in the future, winemaker Evangelos Gerovasiliou told Praktorio radio station in...

Cost of Greek Capital Controls Estimated at Around €3 Bln

Capital controls have been imposed in Greece for three weeks. However, the cost of this time period to the Greek economy is estimated to be around 3 billion euros. According to Greek newspaper "Kathimerini," this financial regime has hurt a number...

Greek Exports Hurt by Capital Controls

Greek exporting companies could lose 80 million euros per week after the imposition of capital controls and the closing of banks, estimates the Panhellenic Exporters Association (PSE). Also, PSE predicts a shortage of imported goods adding up to 600 million...

Greek Exports Increase as Euro Drops

Greek exports, excluding fuel products, increased by 280.4 million euros in March, recording a 20.7 percent rise compared to 2014, while the first quarter of 2015 showed a 14 percent increase. According to figures released by the Hellenic Statistical Authority...

Simplification of Customs Procedures for Inward Processing to Boost Exports

General Secretary of Public Revenue Aikaterini Savvaidou plans simplification of customs procedures regarding inward processing as part of an effort to boost exports. Specifically, the general secretary is preparing a policy framework that will facilitate the following: 1. Transfer of goods placed...