Calamos Supports Greece

Business

Greek Company Receives License to Produce Medical Cannabis in Europe

The Greek company Kalacan Hellas S.A. recently announced that it had received its medical cannabis installation license, allowing the company to establish manufacturing facilities in Europe to produce cannabis. The company plans on building its large-scale greenhouses on a 77,258...

Survey Says Greece One of Top Three Mediterranean Tourist Destinations

According to a recent survey conducted by Horwath HTL, Greece ranked as one of the top three Mediterranean destinations for travelers once Covid-19 restrictions are lifted. The "Travel Sentiment Survey" questioned a sample of 1,000 people from twelve key markets,...

Greece May Not Open Borders to USA and Eight Other Countries

While Greece will be finally opening its borders to most foreign travelers on Wednesday, July 1, some countries may most likely be put on a travel ban list due to their current rates of people infected with the Covid-19...

Construction of Hellinikon Resort Casino by Mohegan Gaming Set to Begin

Once the company is given final approval, Mohegan Gaming & Entertainment plans to begin construction immediately on its 8.9-million-euro ($1 billion) integrated resort casino at the abandoned Hellinikon Airport in Athens, Greece. The resort casino is part of the larger...

Greece Scores Low in EU Innovation Scoreboard 2020 Study

Despite making considerable progress in recent years, Greece still lags behind other European Union countries in its performance within the vital arena of innovation. According to the results of the "European Innovation Scoreboard 2020" study, released on Tuesday, the country...

Chinese Surge for Greece's Golden Visa Expected Post-Covid Restrictions

The coronavirus pandemic has caused a significant drop in the number of Golden Visas awarded by Greece to Chinese citizens, says a report released on Wednesday by Juwai IQI, a holding company comprised of two Asian real estate super-brands. The...

Thessaloniki Welcomes Avant-Garde of Nanotechnology World in July

Nanotechnology 2020, the leading conference in the field of nanotechnology and nanosciences in southeastern Europe, is set to kick off Saturday July 4. And for the very first time, it will be taking place both virtually and live, in...

Greek Prostitutes Fear New Covid-19 Rules Will Force Them Underground

The new regulations imposed on Greek brothels, aimed at stemming the spread of the coronavirus, are being criticized by sex workers who claim that they will now be forced to go underground. In particular, they take exception to a new...

Capital Link Forum On Re-Starting Greek Economy Post-Covid-19

Prominent policymakers, entrepreneurs and academics from both sides of the Atlantic will participate in the 10th Annual Capital Link CSR Forum, titled "Economy and Society: The Next Day," which is due to take place virtually on June 23. The Forum,...

Ninth Annual Greek Investment Forum to Be Held Virtually

The Athens Stock Exchange and the Hellenic-American Chamber of Commerce are now holding their ninth annual "Greek Investment Forum" in New York, which will take place exclusively online this year due to the coronavirus pandemic. The forum is part of...

Young Greek American Entrepreneurs Rediscover their Hellenic Heritage

The popularity of the Mediterranean diet, the number of Greek restaurants, and e-commerce have increased the demand for specialty products from Greece in the USA.

Six Out of Ten Greek Businesses in Liquidity Crisis After Lockdown

Six out of 10 businesses face liquidity issues, with only enough cash reserves to continue operating for less than six months -- while three in ten have zero cash reserves and only 15 percent sufficient liquidity to last more...

Revenues Fall 60% for Cafes, 80% for Restaurants During First Week Of Greece's Reopening

Since reopening on May 25, following the nationwide lockdown to stop the spread of the coronavirus, restaurants and bars in Greece have reported enormous drops in revenue during their first week in business. The intake of restaurants has dropped 80 percent,...

Microsoft Plans to Create Robotic Center in Greece

Microsoft spokesman Charles Lamanna revealed on Thursday that the multinational technology company plans to create an RPA (Robotic Process Automation) development center in Greece. The announcement came during a teleconference between PM Kyriakos Mitsotakis, representatives from major multinational companies and representatives...

115-Million-Euro Greek Aid Package Seeks To Help Struggling Airlines

The nation of Greece will give the country's airlines a 115 million euro aid package to assist them as they struggle to return to profitability after the near-complete shutdown due to the coronavirus pandemic. “Sectors such as air transport, which...