LET'S MEET WHERE THE CONTINENTS MEET...
Istanbul Metropolitan Municipality
European Youth Championships 16-25 July / 2010 Istanbul
.gif)
Organization by Turkish Table Tennis Federation
ECONOMY
Istanbul bears the characteristic of being the capital city of three Great Empires and she is also one of the few cities which has been the center of the country's economic life. Although the city did not become the political capital for the new Republic, established in 1923, it has always been one of the countrys economic centers and has never lost its status as the capital predestined for the country.
When we glance at the citys economy and working-occupational-professional life, Istanbul generates about 23% of Turkey's Gross National Product (GNP). Its annual contribution to the state budget is about 40%. On the other hand, the city's share of government expenditures has remained roughly 7-8%. The headquarters
of all private banks, and 21% of the total number of bank branches in Turkey, are located in Istanbul. Istanbul has a central importance in both domestic and international trade. The added value created in Istanbul, reaches 26.5 percent of provincial total added value, and trade is the second most important sector in Istanbul after industry. In Turkey, 27% of the general added value created in the commercial sector is created by Istanbul. Istanbul is, at the same tim,e the most important export and import gate of Turkey.
Exports from Istanbul make up 46% of Turkeys total, imports into Istanbul make up 40% of Turkeys total. Istanbul has at hand a great chance thanks to its being the center of tourism and the location of a convention center. One-fourth of the citys hotels are owned by five star hotels, and almost one-fifth are owned by four star hotels.
Istanbul is also the center of the country's air transport industry. Along with Atatürk Airport, Sabiha Gökçen Airport is located in Pendik on the Anatolian side of the city..
LIVE |