That period saw growth in the EPZ (Export Processing Zone) sector. Industrialisation began to spread to villages as well, and attracted young workers from all ethnic communities. As a result, the sugar industry began to lose its hold on the economy. Large retail chains began opening stores in 1985 and offered credit facilities to low-income earners, thus allowing them to afford basic household appliances. There was also a boom in the tourism industry, and new hotels sprang up throughout the island. In 1989 the stock exchange opened its doors and in 1992 the freeport began operation. In 1990, the Prime Minister lost the vote on changing the Constitution to make the country a republic with Bérenger as president.