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RESTAURANTS AND HOTELS OF SWITZERLAND ARE AT RISK OF BANKRUPTCY

... 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 tense. For a state of 8.6 million inhabitants, the daily increase of 4,000 new cases of coronavirus infection creates significant risks. It is assumed that the government ...

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

... and more restaurants are on the verge of bankruptcy. It is planned that the turnover of 66% of HoReCa companies will fall by at least half in the period of April-June 2021 compared to the same period in 2019. By October, 3% of companies, including hotels, resorts and restaurants, will be closed. Compared to the polls conducted in early March , the number of companies that are at 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 ...

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