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Cheap Hotels in Turkey
Hotels in Turkey
The Republic of Turkey is known as a bicontinetal country because it straddles Southwest Asia and Southwest Europe. It is the Bosphorus straits that separate the two continents.
The Republic of Turkey has a population of almost 75 million that are governed by the Turkish President Ahmet Necdet Sezer, and the government is lead by Prime Minister Recep Tayyip Erdogan. The Republic of Turkey is a democratic constitutional republic that was established in 1923, however this has been interrupted several times by military coups.
Turkey is a member state of the United Nations as well as member of NATO.
Geography of Turkey
The country is generally divided into seven regions these are Marmara, the Aegean, the Mediterranean, Central Anatolia, East Anatolia and finally the Black Sea Region.
The country also has dramatic climate changes with highs of over 48c in the Aegean Region in the summer and lows of –48 in the winter in SouthEast Anatolia. The area of Turkey covers in total 814,578 square kilometres of which 790,200 are in Asia and the remaining 24,378 square kilometres are located in Europe.
Although Turkey has a foot in booth Europe and Asia it is generally considered more European because of its political and cultural reason's. The highest point in Turkey is Mount Ararat that stands at 5,173 metres high and is considered by many to be the resting-place of the Ark. Turkey is also very prone to earthquakes with two major fault lines running through the country these are the Bosphorus and the Darrda.
Economy in Turkey
Turkey has a mixed and strong economy, modern industry and traditional agriculture share 40% of the country's employment. Turkey has been self sufficient in food production since the 1980s and continues to grow at healthy rate today.
However with Turkeys joining of the EU many of Turkeys old attitudes to agriculture will have to change. There has been a strong influence in the private sector over the last five years.
However records still show that an estimated 50% of the Turkish population live under the international standards of poverty. The biggest effected area of poverty is in the war torn southeast areas. Turkey's largest industries are textiles and clothing this is also the country's largest export. These industries are also all nearly in private hands.
Turkey's Financial Sector
Turkey's central bank was founded in 1930 as a privileged joint stock company. This possesses the sole right to issue notes. All overseas transactions are controlled and handled by the central bank.
The stock exchange in Istanbul opened in 1985 and ten years later the gold exchange also opened in Istanbul in 1995. Results before 2002 show that foreign investment in Turkey was low, however later figures show a strong influx of foreign investment. Some of the reasons for this are that there has been strong and financial support from the IMF and a much tighter fiscal policy.
Turkey's Natural Resources
Turkey does produce its own oil, but not enough at the present time to support itself. There is a pipeline network in Turkey that runs 1,738 km for crude oil and a second for petroleum that is 2,321km long.
The country at this present time has several major new pipelines planned, which one is the Baku-Tbilisi-Ceyahn line.
Turkey Embassy
For your convenience we have listed Turkish embassys below. Embassys can provide you with information regarding visas and other important travel information.
