UBS: Global house price boom amplifies bubble risks

The UBS Global Real Estate Bubble Index 2021, a yearly study by UBS Global Wealth Management’s Chief Investment Office, indicates that the bubble risk has on average increased during the last year, as has the potential of a severe price correction in many of the cities tracked by the index. Frankfurt, Toronto, and Hong Kong […]

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HRADF: Submission of Expression of Interest by nine Interested Parties for the Heraklion Port Authority S.A.

The Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, announces that nine Interested Parties have submitted an Expression of Interest for the acquisition of a majority stake of at least 67% of the “Heraklion Port Authority” (HPA S.A.). Expressions of Interest were submitted by the following Interested Parties (in alphabetical order): […]

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Commission disburses €14.1 billion under SURE to 12 Member States

The European Commission has today disbursed €14.137 billion to 12 EU Member States in the seventh instalment of financial support under the SURE instrument. As part of today’s operations, Belgium has received €2 billion, Bulgaria €511 million, Cyprus €124 million, Greece €2.54 billion, Spain €3.37 billion, Italy €751 million, Lithuania €355 million, Latvia €113 million, […]

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Landmark best practice agreement between Independent Authority for Public Revenue (IAPR), Greece and Airbnb, Booking.com and VRBO, Expedia Group’s Vacation Rental

As a result of an ongoing dialogue, the Independent Authority for Public Revenue of Greece      initiated a best practice example within the European Union with a Memorandum of Understanding regarding the registration compliance procedure of Short-Term Rental Registry,  signed by Airbnb, Booking.com and VRBO, Expedia Group’s Vacation Rental brand. The Registry is maintained on IAPR’s […]

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Commission approves €21 million Greek scheme to support operators of tourist buses and trains affected by coronavirus outbreak

The European Commission has approved a €21 million Greek scheme to support operators of tourist buses and trains affected by the coronavirus outbreak. The measure was approved under the State aid Temporary Framework. The support, which will take form of direct grants, is intended to mitigate the impact on the beneficiaries of the restrictive measures […]

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Commission prolongs and further expands Temporary Framework to support economy in context of coronavirus outbreak

The European Commission has decided to prolong until 31 December 2021 the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. The Commission has also decided to expand the scope of the Temporary Framework by increasing the ceilings set out in it and by allowing the conversion of […]

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UBS: Market optimism boosted by vaccine progress and impact of US election results

Investors are increasingly optimistic about their regional economic outlook and the equity markets, according to UBS’s new Investor Sentiment survey, which polled more than 4,000 investors and business owners across 14 markets globally in late December and January. A majority of survey respondents (60%) have a positive economic outlook over the next 12 months, compared […]

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State aid: Commission prolongs and expands Temporary Framework to further support companies facing significant turnover losses

The European Commission has decided to prolong and extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. All sections of the Temporary Framework are prolonged for six months until 30 June 2021, and the section to enable recapitalisation support is prolonged […]

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IMF: Fiscal Policies to Contain the Damage from COVID-19

In its recent publication, the IMF suggests the appropriate Fiscal Policies to contain and mitigate the damage from COVID-19. In times of pandemic, fiscal policy is key to save lives and protect people. Governments have to do whatever it takes. But they must make sure to keep the receipts. So far, countries have taken fiscal actions […]

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Baird/STR Hotel Stock Index fell 11.7% in February

The Baird/STR Hotel Stock Index fell 11.7% in February to a level of 4,296. Year to date through the first two months of 2020, the stock index dropped 18.5%. “Hotel stocks fell off a cliff at the end of the month due to mounting COVID-19 concerns domestically, and the broader stock market correction has disproportionately […]

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