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Istanbul 2020 Points to Stock Exchange Record to Underline Economic Stability of Bid |
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Olympics - 02 Jan 2013 - Istanbul 2020, the Turkish city’s bid to host the Olympic Games in 2020, has underlined its campaign to establish the city’s economic credentials by pointing out that the Istanbul Stock Exchange exceeded 78,000 points for the first time in its history, ending 2012 at a close-of-day record of 78,208.44.
Istanbul 2020 said: “Turkey’s government is aiming to take the country into the top 10 world economies by GDP in time for the republic’s 2023 centenary, and this year Turkey’s credit rating was upgraded to ‘Investment Grade’.
“The Istanbul 2020 bid committee sees this continued growth in the face of ongoing global economic challenges as the ideal bedrock for a technically outstanding celebration of sport that fully energises the Games product and brand. Just as importantly, it ensures the capacity for creating an invaluable legacy for the city, the nation and the entire Olympic Movement.”
Istanbul is bidding against Madrid and Tokyo to host the games, with the International Olympic Committee due to select the winning city in September.
Sportcal
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