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Number of registered Russian companies in Turkey decreases

Business Materials 21 May 2018 12:50 (UTC +04:00)

Baku, Azerbaijan, May 21

By Rufiz Hafizoglu – Trend:

As many as 45 companies with Russian capital were registered in Turkey in April 2018 that is 12 companies less than in the same period of 2017, the Union of Chambers and Commodity Exchanges of Turkey (TOBB) told Trend May 21.

In total, the capital of Russian companies that were registered in April 2018 amounted to 2.1 million Turkish liras, according to the report. The figure was 2.3 million Turkish liras in April 2017.

"In April 2018, 8,563 companies were registered in Turkey, which is 33.1 percent more compared to April 2017," the TOBB said.

In April 2018, the greatest number of registered foreign companies accounted for the share of Syria. Thus, in April 2018, 642 Syrian companies were registered in Turkey, and their total capital amounted to 89.7 million Turkish liras.

(4.4732 TL = 1 USD on May 21)

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Follow the author on Twitter: @rhafizoglu

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