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Turkey records rise in number of registered Iranian companies

Business Materials 20 April 2018 12:01 (UTC +04:00)

Baku, Azerbaijan, April 20

By Rufiz Hafizoglu – Trend:

As many as 159 companies with Iranian capital were registered in Turkey in March 2018 that is 51 companies more than in the same period of 2017, according to a report of the Union of Chambers and Commodity Exchanges of Turkey (TOBB).

In total, the capital of Iranian companies that were registered in March 2018 amounted to 9,734 million Turkish liras, according to the report. The figure was 13,860 million Turkish liras in March 2017.

"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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