Karakoy

Since the Byzantine era, Karakoy has been a bustling trade hub, initially granted to Genoese merchants by the Byzantine Emperor. As you explore Karaköy today, you can still discover remnants of the Genoese presence in the area. The renowned Galata Tower stands as a magnificent testament to their craftsmanship. After the conquest of Istanbul in 1453, Karaköy became the home of Genoese, Venetian, and Catalan merchants. Later, in 1500, Sephardic Jews seeking refuge from the Spanish Inquisition settled here. Karakoy also housed British, French, and Italian soldiers who arrived to participate in the Crimean War, with a dedicated dock constructed to facilitate the transport of military equipment. During the 19th century, Karakoy transformed into a prominent banking district, housing the headquarters of the Ottoman Bank. Austrian and Italian banks also established branches in the area, solidifying its financial significance. As the 20th century unfolded, Karakoy witnessed the construction of port customs buildings, solidifying its role as a vibrant center for trade. Presently, numerous business centers operate actively in Karakoy. With the Galataport cruise terminal, the district boasts one of the world's most esteemed ports, further enhancing its global reputation.