Economy
Bursa is the center of the Turkish automotive industry. Factories of motor vehicle producers like Fiat, Renault and Karsan, as well as automotive parts producers like Bosch, Mako, Valeo and Delphi have been active in the city for decades. The textile and food industries are equally strong, with Coca Cola, Pepsi Cola and other beverage brands, as well as fresh and canned food industries being present in the city's organized industrial zones.
The top 10 industry corporations in the Bursa province are as follows:
- Oyak Renault
- Tofaş Fiat
- Bosch
- Borçelik
- Türk Prysmian Kablo
- Sütaş Dairy Products
- Bis Enerji
- Zorlu Enerji
- Borusan Mannesmann Boru
- Componenta Döktaş
Apart from its large automotive industry, Bursa also produces a substantial amount of dairy products (Sütaş), processed food (Tat), and beverages (Uludağ).
Traditionally, Bursa was famous for being the largest center of silk trade in the Byzantine and later the Ottoman empires, during the period of the lucrative Silk Road. The city is still a major center for textiles in Turkey and is home to the Bursa International Textiles and Trade Center (Bursa Uluslararası Tekstil ve Ticaret Merkezi, or BUTTIM.) Bursa was also known for its fertile soil and agricultural activities, which have decreased in the recent decades due to the heavy industrialization of the city.
Bursa is a major center for tourism. One of the most popular skiing resorts of Turkey is located at Mount Uludağ, just next to the city proper. Bursa's thermal baths have been used for therapeutical purposes since Roman times. Apart from the baths that are operated by hotels, Uludağ University has a physical therapy center which also makes use of thermal water.
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Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)