Protesters attacked nearly 400 bank branches and 500 corner shops, with the total number of stores looted reaching about 1,000, French Finance Minister Bruno Le Maire said Wednesday.
Taxes and social security contributions will be deferred for the stores attacked and canceled entirely for those most affected, the minister added.
Businesses will also have 30 days rather than five to file insurance claims that will amount to less than €1 billion, according to the DBRS Morningstar credit ratings agency. This suggests that many firms will not be fully compensated for their losses.
Additionally, the chaos and violence have also negatively affected France’s tourism sector. As of early July, foreign tourists had canceled 20-25% of planned trips to Paris, according to MEDEF.