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Stray cats saved Japanese restaurant from bankruptcy

An unusual ‘cat cafe’ appeared in Japan as a result of compassion for homeless animals, shown by the owner of a small restaurant in Osaka. A railroad-themed catering establishment that had been successfully operating before the pandemic, began to collapse. Its owner Naoki Teraoka began to consider liquidation of his business as financial aid from the state dwindled. But then a case intervened in the life of the owner in the face of a sickly kitten, wandering near the restaurant. The owner's family decided to adopt the kitten and called it Simba. Soon after that,...

91% OF GERMAN BREWERS ARE CONCERNED ABOUT BANKRUPTCY

Covid-19 pandemic became the main reason for the ruin of German brewers. According to the German ... ... association, Holger Eichele, 20-30% decrease in annual turnover carries the threat of bankruptcy. Given that the borders of Germany and other EU countries have remained closed... ... emphasize that the country's brewing industry mainly consists of small and medium-sized businesses, for which revenues depend on regional catering establishments, which are...

25% OF BELGIAN ENTERPRISES ARE AT RISK OF BANKRUPTCY

... 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 ... ... Here the leisure sphere was under pressure. The situation is different in industrial Mons, Liege or metropolitan Namur. Many businesses in Charleroi, known to be an important hub for transporting goods by air, water and land, have been hit by the potential ...

EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

European countries are spending fabulous sums trying to keep businesses afloat during a pandemic. An economic recession can lead to stagnation for a decade, which has been recently called "lost" by the World ... ... rates are normalized. The French think tank Rexecode reports that about 10% of companies in the country have been saved from bankruptcy solely by government funds. Jeffrey Franks, the head of the IMF mission in France, believes that unviable companies ...

POLISH AIRLINES LOT MIGHT GO BANKRUPT

... 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 ... ... company's subsidiaries (Eurolot, LOT Charters and Centralwings) as well. Experts say that one of the reasons for the possible bankruptcy of Polish airlines is the conflict between PLL LOT and the German air carrier Condor. The German company, which LOT ...

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