other 20 million from a new demand by the Iraklio-based lender. The objective is to support investments by small and medium-sized enterprises and the supply of liquidity to selected investments aimed at employing young people. According to EIB data, in the last few years it has supplied Pankritia with 175 million euros for the issuance of loans. This includes 155 million destined to support investments in basic economic sectors such as tourism, energy, construction and food trading.
The attempted coup in Turkey last week has dealt another blow to the country’s already weakened tourism industry and will weigh on profits of the nation’s airlines and airports as well as tour operators serving the coun- try, industry experts said. Turkey’s tourism sector has taken a battering this year after a wave of suicide bombings. Even ahead of the attack at Istanbul’s Ataturk airport at the end of last month economists forecast that tourism revenue would drop by about $8 billion this year, equivalent to 1 percent of GDP. Holiday rentals website Tripping.com said that searches for accommodation in Turkey dropped 37 percent last weekend compared with the previous weekend.