Kastoria is a popular tourist destination and an international centre of fur trade, having taken so the nickname the city of the fur traders. Tourism and the fur industry dominate the local economy. Indeed, (as mentioned above) the town was possibly named after one of the former staples of the trade – the European beaver (kastóri in Greek), now extinct in the area. Trading in mink fur now predominates and every year an international showcase of fur takes place in the city. Fur trade is the biggest factor of Kastoria economy and it started back to the 14th century, now there are more than 300 small and big dealers in fur in the city.