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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 Trip­ said that searches for ac­com­mo­da­tion in Turkey dropped 37 per­cent last week­end com­pared with the pre­vi­ous week­end.

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