IstanbulBiz

Dear XING member,

first of all we thank you for visiting IstanbulBiz group page.

This group is aimed to expand business network of Istanbul entrepreneurs, create new connections
between the globe and Istanbul companies, get the potential into action and develop new
business cooperations locally and internationally.



Economy of Istanbul

Istanbul has always been the center of the Turkiye's economic life because
of its location as an international junction of land and sea trade routes. The opening of specific
markets in the city during the 1980s further strengthened the city's economic status. Inaugurated
at the beginning of 1986, the Istanbul Stock Exchange (ISE) is the sole securities market of Turkiye.

Today, the city generates 55% of Turkiye's trade and 45% of the country's wholesale trade, and
generates 21.2% of Turkiye's gross national product. Istanbul contributes 40% of all taxes collected
in Turkiye and produces 27.5% of Turkiye's national product. In 2005 the City of Istanbul had a GDP
of $133 billion. In 2005 companies based in Istanbul made exports worth $41,397,000,000 and
imports worth $69,883,000,000; which corresponded to 56.6% and 60.2% of Turkiye's exports and
imports, respectively, in that year.



According to Forbes magazine, Istanbul had a total of 35 billionaires as of March 2008 (up from
25 in 2007), ranking 4th in the world behind Moscow (74 billionaires), New York City (71 billionaires)
and London (36 billionaires).

Istanbul is also Turkiye's largest industrial center. It employs approximately 20% of Turkiye's industrial
labor and contributes 38% of Turkiye's industrial workspace. Istanbul and its surrounding province
produce cotton, fruit, olive oil, silk, and tobacco. Food processing, textile production, oil products,
rubber, metal ware, leather, chemicals, pharmaceuticals, electronics, glass, machinery, automotive,
transport vehicles, paper and paper products, and alcoholic drinks are among the city's major
industrial products.

Istanbul is one of the most important tourism spots of Turkiye. There are thousands of hotels and
other tourist oriented industries in the city, catering to both vacationers and visiting professionals.
In 2006 a total of 23,148,669 tourists visited Turkiye, most of whom entered the country through the
airports and seaports of Istanbul and Antalya. The total number of tourists who entered Turkiye through
Atatürk International Airport and Sabiha Gökçen International Airport in Istanbul reached 5,346,658,
rising from 4,849,353 in 2005. Istanbul is also one of the world's major conference destinations
and is an increasingly popular choice for the world's leading international associations.



For IstanbulBiz Forum rules click here.

We're seeking 3 simple qualifications in our group members in order to maintain efficient and result oriented networking in this group:

1- Being an employer or employee
2- Minimum 2 years of work experience
3- Having English as one of your languages on profile

If you qualify with the criteria above please express these details in your profile so our moderation
team will be able to see it easily.

P.S. Non-serious or extremely poor information containing profiles or profiles without actual photos
of members could cause rejection of your application or cancellation of your membership upon
moderation team's review.

Let's get connected..

Mert DAMLAPINAR
VELAGRO - Fast & Precise
www.velagro.com



Keywords: Istanbul, business, export, import, trade, partnership, industry, Turkey, Turkiye, Turkish,
trade, foreign trade, cooperation, project, management, consultancy, investment, capital, finance,
banking, europe, asia, eurasia.


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