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SERVICE OF BUSINESS INSURANCE AGAINST RISKS OF PANDEMIC MAY BE INTRODUCED IN RUSSIA

The insurers proposed to introduce a new insurance product - the client's property interests associated with the risk of losses from entrepreneurial activity when the conditions for its implementation change. In this case, the occurrence of a pandemic of a disease unknown to science may become an insured event. Small and medium-sized businesses are offered to be insured in this way. It was noted that the occurrence of an insured event takes place when the Russian Government or regional authorities impose a high alert, state of emergency, quarantine or an emergency due to a pandemic....

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 Brewers' Association (DBB), half of the ... ... abroad was reduced by 13%. Experts 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 suffering from quarantine measures. According ...

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 Bank. In this situation, attempts to prevent a surge in mass unemployment through the subsidies from the state treasury to ...

25% OF BELGIAN ENTERPRISES ARE AT RISK OF BANKRUPTCY

... 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 ... ... encouraged by the fact that almost half of the companies (49.1% in Brussels, 43.3% in Wallonia), which were doing well before the pandemic, according to research data, continue to feel good enough with liquidity reserves. The most difficult situation, experts ...

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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