Galatasaray University or Université Galatasaray (Turkish: Galatasaray Üniversitesi) is a Turkish university established in İstanbul, Turkey in 1992, following an agreement signed with the presence of President François Mitterrand of France and President Turgut Özal of Turkey during a ceremony at Galatasaray Lisesi, the mother school of the university. Turkey's Ambassador to France, Coşkun Kırca, played an important role in organizing the agreement. Galatasaray University is one of the most important members of the Galatasaray Community as Galatasaray Lisesi and Galatasaray Sports Club. Galatasaray University is the only Francophone University in Turkey. The establishment has 5 faculties (Economic and Administrative Sciences, Law, Communications, Natural Sciences and Literature, Engineering and Technology), 2 institutes (Social Sciences, Applied Sciences), 200 teachers and 2500 students. As a participant in the European exchange programs Erasmus and Socrates, Galatasaray University accommodates around 50 European students. Meanwhile, 100 students of Galatasaray University travel each year to France within the framework of these exchange programs.