785 Restaurants Have Closed In The Past 5-Months In Lebanon

The Syndicate of Owners of Restaurants, Cafés, Night-Clubs, and Pastry Shops in Lebanon issued an alarming statement earlier today revealing that around 785 restaurants, cafes, pubs, and other establishments in that sector have closed down between September 2019 and February 2020 due to the trying economic situation.

The board of directors also pointed out that during January 2020 alone, 240 establishments had shut their doors. This was blamed on the unstable pricing disparity between the dollar and Lira’s black market and official values, as well as the general disintegration of the economy.

Of these restaurants and establishments, Frosty’s Vegan Palace, Gruen Eatery, Ballouta’s vegan restaurant, much of Le Mall Habtour’s shops, as well as Grand Cafe’s downtown store to name a few.

Considering the fact that Lebanon is almost purely a service sector centric economy, this is troubling to say the very least. You can read the original text here: