Friday, March 21, 2008

Economy of Istanbul city


İstanbul is a commercial center for a large agricultural region in which sheep are raised and olives, wheat, tobacco, milk and dairy products, and fruit are produced.

Recent antipollution legislation has forced increasing numbers of İstanbul’s manufacturing industries to move to surrounding provinces, especially Kocaeli.

However, İstanbul is still the center of Turkey’s textile, metal products, paper, printing, and food industries. It is also the country’s leading center for banking, computer services, media, tourism, and trade; nearly half of the country’s exports and about 40 percent of its imports come through İstanbul.

İstanbul is an important rail center, with several international rail lines terminating on the European side and the Anatolian rail system beginning on the Asian side.

İstanbul’s public and private bus systems transport about 1.5 million passengers a day; thousands more people use the city’s dolmuş (public shared taxis).

A subway system is under construction, the first section of which is scheduled for completion in mid-1998.

Construction of two bridges across the Bosporous—the Bosporus Bridge (1973) and the Bridge of Sultan Muhammad II (1988)—produced a significant decline in ferry traffic between the European and Asian parts of the city.

Air traffic at Atatürk International Airport, located west of the city proper, has increased significantly in recent years as tourism and trade have increased.

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