Feature: Ancient Grand Bazaar in Istanbul Hit Hard By Economic Crisis
[2009-09-29 08:57:53]
The domed-capped Grand Bazaar in Istanbul, one of the largest and oldest covered markets in the world, was ravaged by numerous fires and earthquakes in the past and now is hit hard by the ongoing economic crisis.
Called simply the Kapali Carsi (Covered Market) in Turkish, the 548-year-old bazaar located at the heart of Istanbul is experiencing the worst time in the past 20 years with both business volume and profit tumbling by about 50 percent.
No matter rain or sunshine, the Grand Bazaar is a great place for tourists from the world. Visitors, old and young, male or female, love to take pictures of the ancient shops, but now they do not buy as much as they used to against the backdrop of the economic crisis.
Grand Bazaar Tradesmen Association (GBTA) Chairman Hasan Firat said the crisis did not have an impact on the number of tourists visiting, yet it decreased the incomes of the stores since tourists do not spend as much as they used to.
"The tourists shopping at the bazaar spend 10 to 50 dollars, and a lot of tourists stop by Istanbul for a day on their way to other places and do not shop much or spend a lot of money during the crisis," he added.
Called simply the Kapali Carsi (Covered Market) in Turkish, the 548-year-old bazaar located at the heart of Istanbul is experiencing the worst time in the past 20 years with both business volume and profit tumbling by about 50 percent.
No matter rain or sunshine, the Grand Bazaar is a great place for tourists from the world. Visitors, old and young, male or female, love to take pictures of the ancient shops, but now they do not buy as much as they used to against the backdrop of the economic crisis.
Grand Bazaar Tradesmen Association (GBTA) Chairman Hasan Firat said the crisis did not have an impact on the number of tourists visiting, yet it decreased the incomes of the stores since tourists do not spend as much as they used to.
"The tourists shopping at the bazaar spend 10 to 50 dollars, and a lot of tourists stop by Istanbul for a day on their way to other places and do not shop much or spend a lot of money during the crisis," he added.
Source: Xinhua
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