Calamos Supports Greece

Business

The Ghost Tower of Piraeus Ready to Come Back to Life

A multi-million-euro plan which aims to revive the Tower of Piraeus, the tallest building in Greece's greatest port city of Piraeus, was revealed recently. The history of this iconic building goes hand in hand with the political history of Greece...

Coca Cola Forced to Stop Using Parthenon and Other Greek Symbols in Advertising

Greece's Communications Control Council has asked Coca Cola Hellas to cease its promotional campaign featuring depictions of the Parthenon, the Hellenic Parliament building and the White Tower of Thessaloniki within 30 days. The Communications Control Council has taken the decision...

Sydney, Melbourne and Perth Greeks “Rise to the Challenge” at Charity Conferences

The challenge of building a more prosperous and compassionate Greece was the central theme of The Hellenic Initiative Australia’s successful "Rising to the Challenge - Greece at the Crossroads of Social Change" series of events held across Australia last...

Pfizer Pharma Conglomerate to Establish Tech Hub in Thessaloniki, Greece

Pfizer, the American multinational pharmaceutical corporation, is planning to establish a digital research hub with a focus on artificial intelligence and big data analytics in Thessaloniki, Greece it emerged earlier in the week. The Thessaloniki hub is part of a...

Piraeus Bank Joins Multi-Million-Euro Investment Program for Greek Infrastructure

Piraeus Bank, Greece's biggest lender, announced on Wednesday that it will support a new 650-million-euro ($716 million) infrastructure investment program developed by the Hellenic Ministry of Development and Investments and the European Investment Bank. Piraeus Bank will initially use 32...

Market for Second-Hand and Repurposed Items Soars in Greece

Vendora, the new digital platform for buying and selling secondhand products in Greece, announced on Thursday the results of its recent nationwide research on marketing trends for resold items. Although selling and buying used products is a widespread practice in...

Greece Grants Eldorado Permits for Gold Mine Projects

The Canadian mining firm Eldorado Gold Corp confirmed on Tuesday that it has received installation permits for both its stalled Skouries mine project and the Olympias mine from Greece’s Ministry of Energy and Environment. The permit will allow for the installation of...

US Ambassador Says Opportunities for Investment in Greece Have Never Been Better

US Ambassador to Greece Geoffrey Pyatt stressed the US government's intention to do everything in its power to support economic growth in Greece during a press conference on Tuesday. In remarks made just ahead of the opening of the Thessaloniki...

Foreign Investment in Greek Properties Skyrockets in First Half of 2019

According to the latest data published recently by the Bank of Greece, the foreign capital flowing into Greece to buy properties during the first six months of 2019 showed a staggering increase of 49 percent compared to the same...

Employment in Tourism Sector Hits Record Numbers in Greece

According to a recently-published study by the Institute of the Greek Tourism Confederation (INSETE), employment in the tourism sector reached record-high levels in Greece during the third quarter of 2018. More specifically, fully 10.6 percent of the total workforce in...

Greece to Open International Bidding for Hellinikon Casino in October

The Greek government announced on Thursday that the long-delayed opening of the bidding process for the lone casino license of the €8 billion Hellinikon resort project will be take place on October 4. Development and Investments Minister Adonis Georgiadis said...

Economic Confidence Climbs Even Higher in Greece in August

According to the latest figures published by Eurostat on Thursday, the Economic Sentiment Indicator (ESI), which was already on an upward trajectory, increased even more in Greece in August. Previously scoring 101 points in June and 105.2 in July on...

Greece's Borrowing Costs Hit New Record Low, Raising Economic Hopes

Greek state bond prices continued their downward rally on Wednesday, with the 10-year bond yield falling to a new all-time low of 1.811 percent. Greece's borrowing costs rallied to the bottom after the government announced the full abolition of capital...

The Oldest Greek Cafe in Australia Now Up For Sale

The oldest Greek cafe in Australia is now up for sale, in what will be just the second time it has changed hands in 100 years! But it may mark the end of an entire era of Greek cafes...

John Calamos on Strategies for Market Volatility and Rising Uncertainty

John P. Calamos, Sr., the Founder, Chairman, and Global Chief Investment Officer of Calamos Investments, recently issued a white paper titled ''Strategies for Market Volatility and Rising Uncertainty.'' The white paper, provides a timely update on Calamos' views on asset...