Lebanese retailers report over 12% drop in sales value
- Lebanon: Wednesday, March 06 - 2013 at 04:54
Lebanese retailers have said the value of retail sales in the country dropped 12.3% last year, due to the political stalemate and ramifications of the Syrian crisis, The Daily Star has reported. "The very negative effects of the local political bickering and unrest, especially the assassination of a top security figure; the ban maintained on travel to Lebanon for Gulf nationals; [and] unresolved socio-economic claims and disputes were further sharpened by yet another missed high shopping season opportunity," head of BTA Nicolas Chammas said.
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