On October 30, 2020 at 2:51 PM, an earthquake with a magnitude of Mw6.9 occurred in the Aegean Sea, 17.26 km off the coast of Seferihisar district of Izmir, 11.8 km below the ground. There was an increase in sea level in the surrounding coastal areas due to the earthquake and damages caused by tsunami were observed in Seferihisar region. After the earthquake, a total of 850 aftershocks, as 40 with a magnitude of ML4 and above, occurred until 7:00 AM on November 1, 2020. The earthquake was felt in the entire Aegean and Marmara regions.1
Izmir earthquake is a local disaster when the loss of life and physical and economic damages are considered. Izmir can cope with its own resources, no requests for humanitarian assistance from outside are expected. 17 of the registered 270.000 buildings were demolished (this number can increase), physical and economical damage is limited. There is no significant damage to the infrastructure. No damage is expected in the large industry. Since this earthquake was the first earthquake that hit an industrialized city since the 1999 Marmara Earthquake, valuable lessons can be learned for the expected large Izmir and Istanbul earthquakes. The current report has focused on 3 issues that will affect the businesses: behaviors of community, crisis management shown by business associations, and economical damage findings.
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