Shops in north going to the wall

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Shops in north going to the wall
 © CyprusWeekly 2017
A total of 1,500 shops closed down in the north in 2016, while another 145 closed down in the first two and a half months of 2017.

The figures were announced by the Turkish Cypriot chamber of shopkeepers and artisans. The chamber estimates that 70% of the shops that have closed down belonged to people who have been in the sector for more than 5 years.

According to Turkish Cypriot newspaper Havadis, the head of the chamber Mahmut Kanber said that the crisis in the market has hit the small shopkeepers as sales have dropped by 30%.

“The shopkeepers which are still conducting business are...

Shops in north going to the wall

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