Tag: Euro Bank
Eurobank to fund Greek tourism, with 750 million euros
Eurobank will make available a fund of $821 million (750 million Euros) to help Greek hotels and support tourism, which has been hit hard by the coronavirus crisis. The revival of the tourism sector, which employs about one in five Greeks, is viewed as central to lessening the impact of an expected deep recession, with the European Commission estimating Greece’s economy may contract by 9.7% this year. “Eurobank is the bank of Greek tourism, we are there not only for the sunny days,” Eurobank’s CEO Fokion Karavias said. “Supporting the hotels sector, the heart of the tourism industry, is important ... Read more