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Three-week bank shutdown in Greek costs the country's economy 3.0 billion euros

18.07.2015 17:06

Three-week bank shutdown in Greek costs the country's economy 3.0 billion euros

YEREVAN, July 18. / ARKA /. The three-week bank shutdown in Greek has cost the country's struggling economy 3.0 billion euros ($3.3 billion) not counting lost tourism revenue, the Kathimerini daily said Saturday citing commerce groups.

It said the retail trade alone had suffered a 600-million-euro loss, with apparel taking the main blow. Exports also suffered a 240-million-euro hit, the exporters' association said, according to AFP.

According to the Athens Chamber of Commerce and Industry (EBEA) some 4,500 containers with raw materials and finished products are blocked at customs.

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Greece and lenders expect 2013 budget surplus - Greek finance ministry source: Reuters

23.09.2013 12:48

Greece and lenders expect 2013 budget surplus - Greek finance ministry source: Reuters

Greece and its lenders are close to agreeing that Greece will achieve a primary budget surplus this year, a senior Finance Ministry official told reporters on Sunday after senior Greek and EU and IMF officials met

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