Istanbul bid for the 2020 Summer Olympics of the city, while the bottom reflects the Asian side, which are divided by the Bosporus. The colors are orange, which reflects the color of sunset in the city, and turquoise, which is connected to Turkish culture. Istanbul bid for the 2020 Summer Olympics Istanbul 2020 (Turkish: ) was a bid for the 2020 Summer Olympics by the city of Istanbul and the Turkish Olympic Committee. The Turkish Olympic Committee (TMOK) announced the selection of Istanbul as Turkey's candidate on July 7, 2011. Turkey's candidacy was announced officially by Prime Minister Erdogan on August 13, 2011. Hasan Arat, who heads
Economy of Istanbul Economy of Istanbul Economy of Istanbul covers the issues related to the economy of the city of Istanbul, Turkey. Historically, Istanbul has been the center of the country's economic life because of its location as an international junction of land and sea trade routes. In 2012 the City of Istanbul had a GDP of $332,4 billion. In 2008, 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 Turkey's exports and imports, respectively, in that year. In 2006 Turkey's exports grew a further +16.1% while imports grew +17.6% because of a