Over 1,000 Shops Have Closed in Rio de Janeiro Already This Year

By Georgia Grimond, Contributing Reporter

RIO DE JANEIRO, BRAZIL – The high price of rents and the worsening economy has led to the closure of 1,280 commercial establishments in Rio de Janeiro between January and May this year, a survey by the Research Center of Rio de Janeiro's Shop Owner Association based on data from JUCERJA, Rio’s Board of Trade has shown.

The CDL Rio

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