When the economic recession first hit Cyprus four years ago, the most noticeable sign that the country was experiencing a financial crisis was the closure of restaurants and retail outlets. It affected every type of business, in every town and on every street. As one business shut up shop so did the one next door, creating a domino effect that rippled around the island. But then something strange happened. Seeds of new businesses were sown in the ruins of the old. More international chains came to the island, business savvy Cypriots entered into new franchise agreements and even private...
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