Woolworths (Cyprus) Woolworths (Cyprus) F. W. Woolworth & Co (Cyprus) Ltd was, until the end of 2003, the leading chain of upmarket department stores on the island of Cyprus with branches in all the major cities. The Cyprus company had its roots in the American parent F. W. Woolworth Company in the 1950s, which used its British arm to spread Woolworths stores throughout the British Empire. Initially there was only one Woolworths in Cyprus, in the capital city Nicosia, but in 1985 the company was sold to the local businessman Nicolas Shacolas (now OBE) who rapidly opened new stores in the island's
History of nationality in Cyprus applied for membership, Cyprus asked the European Community for an institutionalized arrangement given their heavy dependence on British exports and the prospect of losing the preferential tariff rate. However, after the British withdrew their application, Cyprus interest remained dormant until 1972 when the British admission into the community was certain. The agreement was delayed due to the Turkish invasion of Cyprus in 1974, as it had disastrous effects on the Cyprus economy. The agreement was finally signed in 1987. What is important to note about Cyprus’ application for membership is that it was made on behalf of the entire population