Turkey sees rise in number of companies registered from Central Asia
Baku, Azerbaijan, May 23
By Rufiz Hafizoglu – Trend:
As many as 32 companies with capital from Central Asian countries (Turkmenistan, Kazakhstan, Uzbekistan, Kyrgyzstan and Tajikistan) were registered in Turkey in April 2018, which is 15 companies more 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 the total capital of Central Asian companies registered in April 2018 totaled 2.1 million Turkish liras as compared to 939,000 Turkish liras in the same period of 2017.
In April 2018, five Turkmen companies with capital of 235,000 liras, four Kyrgyz companies with capital of 535,000 liras, 11 Uzbek companies with capital of 610,000 liras, 11 Kazakh companies with capital of 1.2 million liras, and two Tajik companies with capital of 11,500 liras were registered in Turkey, according to the report.
In total, 8,563 foreign companies were registered in Turkey in April 2018, which is more by 33.1 percent than in April 2017.
In April 2018, the largest number of registered foreign companies accounted for the share of Syria. During the reporting period, 642 Syrian companies were registered with a total capital of 89.7 million Turkish liras.
(4.5863TL = 1 USD on May 23)
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