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#GReality: Business In Greece Under Capital Controls

Endeavor Greece, (2015), “GReality: Business In Greece Under Capital Controls”, 7 Σεπτεμβρίου

According to the findings, 58% of the sample companies report significant impact on their operations caused by the limitations imposed to cross-border transactions, as many of these companies cannot import raw material or have access to foreign services and infrastructure. Significant impediments were also created by the cap imposed on daily cash withdrawals but to a smaller scale. Due to the capital controls, 69% of the sample companies have suffered a significant drop in turnover, while  18% report a drop in turnover larger than 50%. Only 4% of the sample companies reported an increase in their turnover and 27% reported no impact on sales.

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