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Olive Press News Spain Fortnight closure could cost €50 million with up to 40,000 staff furloughed Share \n );document.write( \n \n\n );} €50 million will be the minimal financial cost of the latest closure of Costa Blanca hospitality businesses, according to a leading Benidorm hotel association. Hosbec general secretary, Nuria Montes said: “Taking everything into account with bars and restaurants plus the knock-on effects on hotels, we estimate that €50 million will be lost to the local economy.” “The hotels may be open, but the new measures don’t bode well for our businesses,” Montes added. Bars and restaurants will be closed from tomorrow(January 21) by order of the Valencian government, as it tries to stem record COVID-19 infection figures and deaths. ....