TCDD high speed train.
One of the fastest growing airline companies in the world, Turkish Airlines was chosen as the official carrier by Europe's leading football clubs like FC Barcelona[95] and Manchester United. The company is also the primary sponsor of Euroleague Basketball.
In the early years of this century the chronically high inflation was brought under control and this led to the launch of a new currency, the Turkish new lira, on January 1, 2005, to cement the acquisition of the economic reforms and erase the vestiges of an unstable economy.[93] On January 1, 2009, the new Turkish lira was renamed once again as the Turkish lira, with the introduction of new banknotes and coins. As a result of continuing economic reforms, inflation dropped to 8% in 2005, and the unemployment rate to 10%.
One of the fastest growing airline companies in the world, Turkish Airlines was chosen as the official carrier by Europe's leading football clubs like FC Barcelona[95] and Manchester United. The company is also the primary sponsor of Euroleague Basketball.
The tourism sector has experienced rapid growth in the last twenty years, and constitutes an important part of the economy. In 2008 there were 31 million visitors to the country, who contributed $22 billion to Turkey's revenues.[98] Other key sectors of the Turkish economy are banking, construction, home appliances, electronics, textiles, oil refining, petrochemical products, food, mining, iron and steel, machine industry and automotive.