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Turkey sees fall in number of registered Azerbaijani companies

Business Materials 20 April 2018 11:48 (UTC +04:00)

Baku, Azerbaijan, April 20

By Rufiz Hafizoglu – Trend:

As many as 16 companies with Azerbaijani capital were registered in Turkey in March 2018 that is 28 companies less than in the same period of 2017, according to a report of the Union of Chambers and Commodity Exchanges of Turkey (TOBB).

The report says that the total capital of Azerbaijani companies registered during the third month of 2018 totaled 1,018 million Turkish liras, while the total capital of Azerbaijani companies that entered the Turkish market in March 2017 amounted to 2,779 million Turkish liras.

"In March 2018, 10,888 foreign companies were registered in Turkey, which is 22.9 percent more compared to March 2017," the TOBB said.

In total, 136 Azerbaijani companies were registered in Turkey in 2017.

In general, 58,422 foreign companies were registered in Turkey in 2017.

The number of German companies registered in Turkey stood at 428, Syrian companies – 256, Iranian companies – 231, Russian companies – 146 in 2017. The remaining 57,225 companies accounted for the share of other countries.

(4.0345 TL = 1 USD on April 20)

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