Belgium economy suffers amid terror attacks


Belgium economy suffers amid terror attacks

Belgium’s economic losses over the consequences of the March terrorist attacks in Brussels have amounted to 935 million euro (some $1.03 billion) in the first quarter of 2016, which is around 0.1 percent of the country’s gross domestic product (GDP), the Belgian Ministry of Economy said Tuesday.

According to the ministry, in the Brussels region alone company revenues decreased by 122.5 million euros during this period. Hotels, restaurants and tourist businesses suffered the most losses, alongside with the public entertainment sphere.

On March 22, a series of blasts hit Brussels Airport and a metro station located near the EU institutions in the center of the city, killing 32 and injuring over 300 people. The Islamic State jihadist group, outlawed in many countries including Russia, claimed responsibility for the attacks.

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