BAKU, Azerbaijan, January 23. The number of companies with Azerbaijani capital registered in Türkiye in 2023 totaled 267, which is 83 entities less than in 2022, Trend reports, referring to the Chamber of Commerce and Industry of Türkiye (TOBB).
The report notes that during the reporting period, despite the decrease in the number of registered Azerbaijani companies, their total capital increased.
"If in the reporting period, the total capital of Azerbaijani companies registered in Türkiye amounted to 372.2 million Türkiye's Lira ($12.2 million), this figure amounted to 164.5 million Türkiye's lira ($5.4 million) in 2022," the report said.
The TOBB also noted that in 2023, the majority of Azerbaijani companies were registered in Istanbul (222).
"The total capital of Azerbaijani companies registered in
Istanbul amounted to 336.8 million Türkiye's Lira ($11.1 million),"
TOBB reported.
According to the information, 26 construction, 138 wholesale and
retail trade, and 11 tourism companies with Azerbaijani capital
were registered in Türkiye in 2023.
The rest of the companies operated in other sectors of the
economy.
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