Send to Kindle
The Greek flag is bound up with a parcel string to illustrate the topic `bailout package` in Kaufbeuren, Germany, 16 July 2015. EPA/BGNES
The bank holiday and capital controls imposed three weeks ago have cost Greece some EUR 3 B, ekathimerini.com reported on Saturday.
The figure doesn’t include the loss of revenue from tourism resulting from a drop in the number of new bookings at the peak of the crisis.
According to estimates by commerce sources, the first three weeks of capital controls have cost retail trade about EUR 600 M.
Estimates by the Panhellenic Exporters Association put the loss of revenue resulting from capital controls at EUR 240 M. Blocked imports have resulted in lost sales of EUR 1.8 B to end customers and producers so far, according to the Greek news outlet.
The Athens Chamber of Commerce and Industry said that about 4,500 cargo containers holding raw materials and finished products are currently blocked at customs with importers unable to carry out any banking transactions.
Commercial transactions worth an estimated EUR 6 B have been frozen due to a backlog of cheques and bills of exchange that cannot be paid.
Banks in Greece are preparing to reopen on Monday, 20 July, after the European Central Bank announced on Thursday it would increase the ceiling of its Emergency Liquidity Assistance for Greek lenders by EUR 900 M.
The daily limit of EUR 60 for cash withdrawals at ATMs, however, will remain in force.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A nationwide strike in Greece has brought the country's transport networks to a standstill, affecting railways, ferries, buses, taxis, and more
In a bold move to amplify their demands for higher wages and better working conditions, journalists across Greece have embarked on a 24-hour strike, effectively halting news broadcasts for the duration
In a demonstration of solidarity and protest against the government's economic policies, media workers across Greece have initiated a 24-hour strike, aligning themselves with the call for protests issued by labor unions
In the early hours of Friday trading, the price of gold surged to an unprecedented peak, nearing the 2,400 USD per ounce mark
In a bid to uphold the principle of free access to beaches, Greek authorities have implemented strict regulations, warning of hefty fines for violators.
As the Orthodox Easter coincides with May this year, Bulgaria is gearing up for an unprecedented surge in travel, predicts Rumen Draganov, director of the Institute for Analysis and Forecasting of the Information Environment in Tourism, in an interview wi
The Romanian parliament has voted to impose stringent restrictions on the gambling sector, marking a significant shift in the country's regulatory landscape
In a recent gathering organized by the European Liberal Forum, ALDE, and the Atlantic Club of Bulgaria, outgoing Deputy Premier and Minister of Foreign Affairs, Mariya Gabriel, underscored Sofia's commitment to the European Union membership of Western Bal
The brutal murder of a two-year-old child, Danka Ilic, has sent shockwaves across Serbia, prompting President Aleksandar Vucic to advocate for the reintroduction of the death penalty for the most heinous crimes
In a startling revelation, Serbian President Aleksandar Vucic announced today that authorities have apprehended two individuals suspected of the heinous murder of two-year-old Danka Ilic from the town of Bor in Eastern Serbia
In a devastating incident in southern Albania, eight people lost their lives, including seven suspected migrants, in a car crash early this morning while attempting to evade police pursuit
As Easter approaches, Greeks are facing the highest lamb prices in recent years, prompting many to seek alternatives across the border in Bulgaria
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
