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Syria: Business losses from civil war pegged at nearly $3 billion

December 13, 2013 - 6:00am


Several businesses in Syria have suffered large losses as a result of the ongoing civil war in the country, Bloomberg reports.

Estimates show that loss of production, theft and damage at workshops exceed 330 billion Syrian pounds ($2.9 billion) and 70% of these occurred at privately owned enterprises. Fuad Lahham from the United Nations Industrial Development Organization said the number is "probably bigger because the assessment doesn’t include all factories as many are inaccessible."

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