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RESTAURANTS AND HOTELS OF SWITZERLAND ARE AT RISK OF BANKRUPTCY

... Swiss employers' association in the hospitality industry, is sounding the alarm by calling on the authorities for immediate support for the industry. According to the experts, the ongoing COVID-19 pandemic creates risks for the mass bankruptcies of most hotels and restaurants in Switzerland by March 2021. If the state refuses to provide urgent financial assistance, half of the hotels and restaurants in the country will face bankruptcy. The situation with the spread of the disease in Switzerland remains very ...

FINNISH RESTAURANT OWNERS ARE CONCERNED ABOUT BANKRUPTCIES OF 28% OF COMPANIES

... risk of bankruptcy increased from 24% to 28%. Market participants associate the greatest threats of bankruptcy and liquidation with the services of organizing travel programs (44%), parties and catering (43%), the work of pubs and nightclubs (37%), restaurants (33%), hotels and spa centers (32%). At the same time, the MaRa association supports the idea of ​​the European Commission to reduce the VAT on restaurant services from 10% to 5% for a period of one year. The Government may make this decision very ...

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