ISTANBUL 2020 ENDS YEAR ON ECONOMIC HIGH

Guardar

Istanbul; 31 December 2012: Istanbul’s offer of a secure financial base for the 2020 Olympic and Paralympic Games has been reinforced this week with the announcement that the Istanbul Stock Exchange has exceeded 78,000 points for the first time in its history - ending the year at a close of day record of 78,208.44.

Turkey’s government is aiming to take the country into the top ten 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 2020’s bid leader, Hasan Arat, commented on the news:

"Istanbul 2020 is bridging across challenging economic realities and will take full advantage of Turkey’s robust and resilient economy. Our plan is an ambitious one: an Olympic and Paralympic Games across two continents simultaneously for the first time in history, at the point where East meets West and the ancient meets the ultra-modern. But this news proves that our spectacular Games vision is founded on an economy that offers delivery security and the capacity to take the Olympic Movement forward in partnership with the IOC."

IOC member and President of the Turkish NOC, Ugur Erdener, added:

"Turkey’s economic boom has enabled the country to invest more in sport at every level. Better provision for grass roots sport has produced significant increases in youth participation nationwide. The quality and professionalism of elite sport in Turkey continues to boost the world’s confidence in our ability to host major international sporting events. Hosting the Olympic Games in 2020 would amplify this effect, satisfying Turkish youth’s thirst for sport and creating a solid foundation for a legacy plan which revolves around the Olympians of tomorrow."

Final preparations are now being made for the submission of the Istanbul 2020 Candidature File by senior delegation from Turkey in Lausanne on 7 January 2013.

For more information contact: media@istanbul2020.com.tr

As a service to our readers, Around the Rings will provide verbatimtexts of selected press releases issued by Olympic-relatedorganizations, federations, businesses and sponsors.

These press releases appear as sent to Around the Rings and are not edited for spelling, grammar or punctuation.

20 Years at #1:

Guardar

Últimas Noticias

Sinner-Alcaraz, the duel that came to succeed the three phenomenons

Beyond the final result, Roland Garros left the feeling that the Italian and the Spaniard will shape the great duel that came to help us through the duel for the end of the Federer-Nadal-Djokovic era.
Sinner-Alcaraz, the duel that came to succeed the three phenomenons

Table tennis: Brazil’s Bruna Costa Alexandre will be Olympic and Paralympic in Paris 2024

She is the third in her sport and the seventh athlete to achieve it in the same edition; in Santiago 2023 she was the first athlete with disabilities to compete at the Pan American level and won a medal.
Table tennis: Brazil’s Bruna Costa Alexandre will be Olympic and Paralympic in Paris 2024

Rugby 7s: the best player of 2023 would only play the medal match in Paris

Argentinian Rodrigo Isgró received a five-game suspension for an indiscipline in the circuit’s decisive clash that would exclude him until the final or the bronze match; the Federation will seek to make the appeal successful.
Rugby 7s: the best player of 2023 would only play the medal match in Paris

Rhonex Kipruto, owner of the world record for the 10000 meters on the road, was suspended for six years

The Kenyan received the maximum sanction for irregularities in his biological passport and the Court considered that he was part of a system of “deliberate and sophisticated doping” to improve his performance. He will lose his record and the bronze medal at the Doha World Cup.
Rhonex Kipruto, owner of the world record for the 10000 meters on the road, was suspended for six years

Katie Ledecky spoke about doping Chinese swimmers: “It’s difficult to go to Paris knowing that we’re going to compete with some of these athletes”

The American, a seven-time Olympic champion, referred to the case of the 23 positive controls before the Tokyo Games that were announced a few weeks ago and shook the swimming world. “I think our faith in some of the systems is at an all-time low,” he said.
Katie Ledecky spoke about doping Chinese swimmers: “It’s difficult to go to Paris knowing that we’re going to compete with some of these athletes”