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Cyprus Tertiary Sector
The tertiary, or service, sector of the Turkish Cypriot
economy
grew in importance during the 1980s as part of the
economy's
modernization. The greatest expansion was in trade and
tourism;
earnings from tourism tripled between 1986 and 1989.
Financial,
business, and personal services also grew more important
to the
economy in the 1980s. Government still accounted for too
large a
share of the Turkish Cypriot economy at the end of the
1980s, but
its share was declining. A new development in the late
1980s was
the founding of Eastern Mediterranean University in
Famagusta. With
an enrollment of 3,500 students (2,800 of whom were
foreign), it
was a valuable new source of employment and foreign
exchange, and
an example of how the Turkish Cypriot service sector might
grow in
the future.
Data as of January 1991
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