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VENICE’S OLDEST CAFE IS ON THE VERGE OF BANKRUPTCY

The legendary Cafe Florian, which has become one of the main symbols of Venice, can close its doors to visitors forever. Despite the fact that on December 29, Florian celebrated its 300th anniversary, the damage from financial problems caused by the pandemic turned out to be irrecoverable. “We do everything possible to keep the business afloat,” said the manager of the cafe, Marco Paolini. “We are working to stay open for as long as we can.” The cafe was opened in San Marco Square in 1720 by Italian ...

25% OF BELGIAN ENTERPRISES ARE AT RISK OF BANKRUPTCY

... The data obtained indicate that 25.1% of companies in Brussels are on the verge of bankruptcy and need urgent investment from outside. Experts note that most of the ruining companies on this list (19.5%) were quite successful before the COVID-19 pandemic. In the five cities of Wallonia, where Graydon's researchers worked, they found even more enterprises facing bankruptcy - 28.3%. At the same time, 24% of firms did not experience any liquidity problems and felt quite confident until March 2020....

ADLER FASHION CHAIN FILES FOR BANKRUPTCY

Lockdown, which was introduced in Austria in mid-December, has led to the bankruptcy of a famous clothing chain - Adler reported filing bankruptcy petition in the district court. It is assumed that the organization will face restructuring under the supervision of an interim manager. Adler brand has twenty-four branches operating in Austria. The fashion chain was unable to survive the unprecedented drop in sales that coincided with the period of Christmas holidays. Almost all 24 branches were closed...

FIRST CASE OF BRITISH STRAIN OF CORONAVIRUS IS CONFIRMED IN RUSSIA

A "British" strain of coronavirus that has been recently discovered is actively spreading throughout the world. According to the head of the Federal Service for Surveillance on Consumer Rights Protection and Human Wellbeing, it has also been confirmed in the Russian Federation – allegedly, a Russian who returned from the United Kingdom was infected with a new strain. The fact of infection was confirmed in December 2020; the city of residence of the patient is not reported. The head...

POLISH AIRLINES LOT MIGHT GO BANKRUPT

LOT Polish Airlines (PLL LOT) found itself face to face with a number of financial problems that could lead the national carrier of Poland to ruin. The pandemic has become the reason for the deplorable state of affairs - many of the 37 airliners belonging to LOT have been chained to the ground for a long time. A few months ago, the management of PLL LOT hoped for help from the state, having sent appropriate ...

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