ENGLISH EDITION

An open letter by renewables groups handed to European Council says the sector requires ‘bold commitments’. The European Council is expected to publish its conclusions on hydrogen which will then be adopted later this month.

Τhere are many complaints in the market about the inability of thousands of companies to join state liquidity support programs, but also concerning the negative stance of banks to provide them with mush needed credit.

Τhe group of the expatriate businessman from Venezuela did not make any investments, did not list any of his companies on the Cyprus Stock Exchange, did not sign any agreement with an international hotel chain to manage the large hotel portfolio.

The Dutch side now states that it will do "whatever it takes" in order to take control of Ellaktor and proceeded to convene an extraordinary general meeting within 45 days.

In practice, for large-scale investments, such as those provided for under the Recovery Fund, the third investor will be either a bank, a fund or some other financial institution.

The main problems for the Greek economy are, firstly, tourism and, secondly, bad loans and mainly the creation of new ones, due to the crisis caused by the coronavirus pandemic.

As of November 6, the profits of the banking index exceed 60%, while a jump of 23.6% has been recorded by the General Index, an increase accompanied by a large increase in trading activity.

The picture looks worse in the business travel industry, where bookings in 2021 are expected to be 48.8% less than in 2019, 20% less in 2022, 10% less in 2023, but also 5% less in 2024. It is clear that the impact of the pandemic on business travel will be more permanent, as many executives now commonly meet digitally with colleagues, clients and associates living in another country.

They are furnished apartments, which also offer hotel services, such as cleaning, laundry, breakfast, gym, while also having shared dining areas.

2021, according to what CEO Christos Megalou told analysts yesterday, will be a key year for reducing non-performing exposures, which is estimated to reach 12 billion euros in total.