Erzurum - Economy

Economy

Further information: Erzurum Province

One of the largest source of income and economic activity in the city has been Atatürk University. Established in 1950, it is one of the largest universities in Turkey, having more than forty-thousand students. Tourism also provides a portion of the province's revenues. The city is a popular destination in Turkey for winter sports at the nearby Palandöken Mountain.

Erzurum is notable for the small-scale production of objects crafted from Oltu stone: most are sold as souvenirs and include prayer beads, bracelets, necklaces, brooches, earrings and hairclips.

For now, Erzurum is the ending point of the South Caucasus Pipeline, also called the Baku-Tbilisi-Erzurum (BTE) pipeline. Erzurum will also be the starting point of the planned Nabucco pipeline which will carry natural gas from the Caspian Sea basin to the European Union member states. The intergovernmental agreement between Turkey, Romania, Bulgaria, Hungary and Austria to build the Nabucco pipeline was signed by five Prime Ministers on 13 July 2009 in Ankara. The European Union was represented at the ceremony by the President of the European Commission Jose Manuel Barroso and the Commissioner for Energy Andris Piebalgs, while the United States was represented by the Special Envoy for Eurasian Energy Richard Morningstar and the Ranking Member of the United States Senate Committee on Foreign Relations Senator Richard Lugar.

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