33939
Diyarbakir Stalls
World Economy

Diyarbakir Stalls

The ongoing conflicts between the Turkish government forces and the Kurdish Workers’ Party in the country’s southwest Diyarbakir have seriously impaired the local economy, Reuters reported. The conflicts over the past four weeks have not only cost lives but also local businesses. Aladdin, who’s been running a bag shop for 20 years, said the business has never been so bad. “The conflicts have affected 95% of our business. We couldn’t open our shops for 32 days because of the curfew and because of this, our losses are very big. We hear gunshots. We have gotten used to it,” said Aladdin. Many small business owners also have been driven to the brink of bankruptcy. The region’s unemployment rate has climbed to nearly 30%, three times the national figure. Tourists have cancelled flights and hotel occupancy rates plunged from more than 80% to 30%.

 

Short URL : https://goo.gl/h00DrT
  1. https://goo.gl/f81fRD
  • https://goo.gl/Izy6zu
  • https://goo.gl/F5coqO
  • https://goo.gl/GPrgCK
  • https://goo.gl/7mLGHU

You can also read ...

Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
Fitch Upgrades India’s Growth Forecast to 7.8%
US multinational Fitch Ratings on Friday raised India’s GDP...
Italy CB Urges Caution on Possible Deficit Hike
The governor of the Bank of Italy urged caution on the nation’...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...

Trending

Googleplus