page_title: Kyrenia
section_title: Economy
hierarchical_section_title: Kyrenia / Economy
caption_attribution_description: English: Escape Beach Club (also known as Yavuz Çıkarma Plajı ("Yavuz Beach of Landing") in Alsancak (Karavas), Kyrenia / Girne District, Northern Cyprus. *The place where the Turkish army first landed in 1974, it is now a tourist centre.
context_page_description: Kyrenia is a city on the northern coast of Cyprus, noted for its historic harbour and castle. It is under the de facto control of Northern Cyprus.
  While there is evidence showing that Kyrenia has been populated since ca. 5800–3000 BC, it is traditionally accepted that the city was founded by Achaeans from the Peloponnese after the Trojan War. As the town grew prosperous, the Romans established the foundations of its castle in the 1st century AD. Kyrenia grew in importance after the 9th century due to the safety offered by the castle, and played a pivotal role under the Lusignan rule as the city never capitulated. The castle has been most recently modified by the Venetians in the 15th century, but the city surrendered to the Ottoman Empire in 1571.
  The city's population was almost equally divided between Muslims and Christians in 1831, with a slight Muslim majority. However, with the advent of British rule, many Turkish Cypriots fled to Anatolia, and the town came to be predominantly inhabited by Greek Cypriots.
context_section_description: Called a "very vibrant city" by the Near East University, Kyrenia is the centre of tourism in Northern Cyprus and one of the most important cities of Cyprus in terms of tourism. It hosts numerous shopping areas and malls, restaurants and a vibrant nightlife with a number of entertainment facilities. The harbour, in particular, is lined with cafés, bars and restaurants frequented by locals and tourists. In 2009, it had 93 hotels, nine of which had five stars.
  In early 2000s, the city and the surrounding area saw a construction boom due to the positive mood created by the Annan Plan for Cyprus. Between 2001 and 2003, construction cases per year increased by more than three times and the city saw a great amount of property being sold to foreigners. The construction boom resulted in the building of numerous housing estates and apartment buildings. The city continued to receive heavy investment throughout the decade and is still a centre of investment. However, the recession that struck Northern Cyprus at the end of the 2000s and the beginning of 2010s affected the city and caused great difficulty for the small-scale entrepreneurs and shop owners to maintain their businesses. An important part of the economy consists of tourists that come to visit casinos, but this does not necessarily provide benefits for the local businesses.
  In addition to its historical harbour, Kyrenia is home to a port named the Kyrenia Touristic Port, opened in 1987. This port is a major transport hub in Northern Cyprus due to its relative proximity to Turkey and is home to important commercial activity, while being a popular place of entry for tourists who choose to travel by ferry. It has contributed greatly to the flow of commercial products and tourists between Turkey and Northern Cyprus.
caption: Escape Beach Club - one of the many seaside facilities around Kyrenia
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