Calamos Supports Greece

Private Sector

Wages in Public Sector Rose for Last Three Years; Private Sector Fell

According to the ERGANI database of the Greek Labor Ministry, the wages the Greek State paid to its staff rose by the impressive figure of 16.7 percent from 2014 to 2017. The information was released following a request from...

State Arrears to Private Sector Down in April

State arrears to the private sector eased to 3.908 billion euros in April, from 3.956 billion in March, the Finance ministry said on Tuesday, with pending tax returns falling to 1.051 billion euros in the month from 1.120 billion...

Wage Costs in Greece's Public Sector Increase While Shrinking in Private Sector

Wage costs in Greece's public sector increased in 2016, while at the same time private sector employee costs shrank, according to Eurostat. The European Union statistical authority figure show that in the fourth quarter of 2016, hourly labor costs to the...

One in Two Private Sector Employees in Greece Earn Less than €800 per Month

One in two employees in the private sector in Greece earns less than 800 euros per month, while only 11 percent of public sector employees earn less than that, a new study shows. The figures come from the annual report...

Further Reduction in Borrowing From ELA by Greek Banks

Greek banks further reduced their borrowing from the Emergency Liquidity Assistance mechanism (ELA) after the governing council of the European Central Bank approved a request made by the Bank of Greece to lower the borrowing ceiling by 100 million euros...

Wage Employment in Private Sector Up in March

Wage employment in the private sector grew in March as the hiring/dismissal balance showed a surplus of 29,351 job positions, official data showed on Monday. A monthly report by “Ergani,” the IT system of the Greek Labor ministry, said that...

Greek Private Sector Employers Owe an Average of 5 Monthly Salaries to 1 Mln Employees

The economic crisis in Greece has hit hard private sector employees with one million of them remaining unpaid for an average of five months, says an Ethnos newspaper report. The decline of labor relations has led one million employees of...

Attacks and Molotov Cocktails in the Center of Athens

Shortly before 13:00 pm around 30 masked men attacked police officers with stones damaging shop windows in the center of Athens during demonstrations by the General Confederation of Workers of Greece (GCWG)  and the Civil Servants Supreme Administrative Council (CSSAC)....

Overdue Debts to Private Sector Still Out of Budget

The payoff of overdue debts to businesses and pensioners is still out of the budget. Up until the end of September the debts have reached nearly 6 billion euros and are estimated to exceed 7 billion euros by the...

Almost a Quarter of Greeks are Pensioners, Says New Report

A little over 30% of the total Greek population has a job, while almost 25% of it is composed by pensioners, according to the numbers included in a report published on Monday by Greek newspaper "Ta Nea." The Greek population was 10,816,286 according...