Eurobank Unveils Plan to Support Greece’s Tourism Sector

ATHENS – Eurobank on Tuesday presented a comprehensive plan to support Greek tourism, worth 750 million euros, focused on hotels. Presenting the plan, during an online news conference, Eurobank's CEO Fokion Karavias said the bank was standing by tourism and enterprises in the sector not only on sunny days but in hardships as well. He stressed that the bank is poised to play a leading role in the restart of the Greek economy and the support of enterprises and individuals.

More specifically, the bank said it was freezing all capital tranche payments for this year and 2021 for hotel enterprises' loans which were updated in December 31, 2019. It will offer immediate liquidity to hotel enterprises by exploiting all government measures, It will offer moving capital necessary for the reopening of hotels this year and in 2021, continue funding all approved investments in the hotel sector, worth around 300 million euros and offer exclusively to tourism enterprises, preferential pricing on a certification program "Covid-Shield".

"Eurobank puts as top business priority to play a leading role in supporting enterprises and the restart of the economy. Supporting companies in the hospitality sector -all hotels, large, medium and small- is crucial for the country and its economic outlook," it said.


ATHENS — Credit ratings company Fitch has revised Greece’s outlook to positive from stable, although it kept the country’s rating at BB, two notches below investment grade.

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TNH’s Happenings of the Week by Eraklis Diamataris

The National Herald’s Happenings of the Week (Jan 8 – Jan 15) as have been reported at the print and digital editions of TNH and presented by the TNH Editor Eraklis Diamataris.