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Turkey registers 136 companies with Azerbaijani capital in 2010

Business Materials 19 January 2011 11:29
Some 136 companies with Azerbaijani capital were registered in Turkey in 2010, the Union of Chambers and Commodity Exchanges of Turkey (TOBB) told Trend on Tuesday. Some 74 were created in Istanbul.

Azerbaijan, Baku, Jan.19 / Trend A.Akhundov /

Some 136 companies with Azerbaijani capital were registered in Turkey in 2010, the Union of Chambers and Commodity Exchanges of Turkey (TOBB) told Trend on Tuesday. Some 74 were created in Istanbul.

"Six joint stock companies and 130 limited liability companies were created with Azerbaijani capital," the TOBB said.

According to the union, the majority of companies with Azerbaijani capital operate in the construction sector.

The share of Azerbaijani capital in the total capital of joint stock companies with Azerbaijani investments created in 2010 is 25 percent. The figure is near 50 percent for limited liability companies with Azerbaijani capital.

"Azerbaijan ranks fourth among limited liability companies with foreign capital in Turkey, which were created in 2010, while the country ranks fourteenth in terms of joint-stock companies," the TOBB said.

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