European hospitality industry calls for shift in EU policiesMHRA representative George Micallef who was accompanied by MBB CEO Joseph Tanti were among the 40 hotel, restaurant and café associations from 25 European countries at HOTREC 59th General Assembly in Stockholm. On top of the agenda was the current economic crisis and participants discussed the challenges and threats faced by the European hospitality industry during the worst economic crisis since the World War II. Worrying business trends were reported by all HOTREC Member Associations across Europe. On the eve of a major renewal of leadership within the EU institutions, the President, Kent Nyström, called, on behalf of HOTREC, for a shift in EU policies, based on a triptych of sound economic principles to hasten the recovery: pro-business policies, no burdensome legislation but, instead, better regulation. Today’s deep economic crisis has put the hospitality industry under great pressure. As a result, many investment projects are being cancelled or postponed, access to credit almost evaporated and the sector is witnessing a sharp slowdown of demand. Other News Finance Ministry hides Gozo ferry lossesHundreds expected to appeal after VAT interest court rulingEuropean hospitality industry calls for shift in EU policies MEA clarifies misconceptions on Maternity Leave Cordina calls for trustworthy resources regulator MHRA welcomes the setup of an agency to manage beaches Central Bank releases monetary statistics Scandinavians to power up Malta Greek sporting magnate arrested in Malta Ryanair proposes base in Malta against reduced charges MHRA slates NSO on hotel pricing stats Comment: Adding value to the hospitality product Innovative Medicine Initiative HSBC and Malta Enterprise sign partnership agreement BOV Sponsors Dean’s List for 13th Consecutive Year “Delaying eco-tax refunds is a disservice to well deserving companies” - GreenPak Children benefit from Helen O’Grady development programme |
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