• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Lifestyle Hospitality

Greece’s Piraeus Bank has Launched “Sunrise” to Revive Hospitality Sector

The tourism industry in the country is expected to show signs of improvement this summer

The Global Economics by The Global Economics
April 16, 2021
in Hospitality, Funds, Top Stories
Reading Time: 1 min read
0
Greece’s Piraeus Bank has Launched “Sunrise” to Revive Hospitality Sector

Greece’s Piraeus Bank has Launched “Sunrise” to Revive Hospitality Sector

791
SHARES
4.4k
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

Greece’s Piraeus Bank has announced the launch of Tourism Sunrise that will enable loans for hoteliers badly affected by the novel coronavirus pandemic. 

The pandemic has cost the tourism industry over $22 billion and around 50m million job losses globally. In Greece, the tourism industry witnesses 20% of the country’s gross domestic product. 

According to the new central bank data, the tourism revenues nosedived to 2.5 million euros in January 2021 as compared to 281 million euros in January 2020 on the account of lockdowns and travel restrictions.

In efforts to gear up a fight against the dismal scenario, Tourism Sunrise will assist hoteliers with loans up to 2,000 euros ($2,395) per room that will have an upper limit of 20% of their projected annual sales and fulfill their working capital needs. 

Additionally, the bank has supported over 4,000 clients financially with outstanding loans with funding of nearly 3 billion euros and investments in the tourism sector. The country has taken steps to re-open tourism in the next week, a month ahead of schedule.

Tags: COVID-19greecegreecenewsPiraeus Banktourismindustrytourismsunrise
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

Indonesia Tightens Monitoring of "High Risks, High Return" China-Funded Projects
Economy

Indonesia Tightens Monitoring of “High Risks, High Return” China-Funded Projects

by The Global Economics
July 16, 2025
EU-US Talks to Lower US Import Tariffs to Protect the Auto Industry
Transportation

EU-US Talks to Lower US Import Tariffs to Protect the Auto Industry

by The Global Economics
July 10, 2025
Saudi Arabia's PIF Reaches $1 Trillion, Making a Global Milestone
Funds

Saudi Arabia’s PIF Reaches $1 Trillion, Making a Global Milestone

by The Global Economics
July 7, 2025
Colombia Re-votes and Approves Pension Reforms Despite Opposition
Economy

Colombia Re-votes and Approves Pension Reforms Despite Opposition

by The Global Economics
June 30, 2025
Oman’s Sovereign Wealth Fund Records $4.1 Billion Profit: Global SWF
Funds

Oman’s Sovereign Wealth Fund Records $4.1 Billion Profit: Global SWF 

by The Global Economics
June 25, 2025
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Hong Kong's Asset Management Hits US$4.5 Trillion Milestone

Hong Kong’s Asset Management Hits US$4.5 Trillion Milestone

July 18, 2025
Egypt Strikes Gold as its Revenue Boosted by 131% to Over $446 Million Through Mineral Exploration Deals

Egypt Strikes Gold as its Revenue Boosted by 131% to Over $446 Million Through Mineral Exploration Deals

July 17, 2025
Indonesia Tightens Monitoring of "High Risks, High Return" China-Funded Projects

Indonesia Tightens Monitoring of “High Risks, High Return” China-Funded Projects

July 16, 2025
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version