Number of Chinese companies registered in Turkey down

Business Materials 1 July 2018 12:08 (UTC +04:00)

Baku, Azerbaijan, July 1

By Rufiz Hafizoglu – Trend:

In May 2018, 23 companies with Chinese capital were registered in Turkey, which is 12 companies less than in the same period of 2017, the Union of Chambers and Commodity Exchanges of Turkey (TOBB) told Trend.

According to TOBB, the total capital of registered Chinese companies in May 2018 amounted to 7.3 million Turkish liras, while in May 2017 this amount was 9.09 million Turkish liras.

"In January-May 2018, 53 Chinese companies were registered in Turkey, the total capital of which amounted to 25.6 million Turkish liras," TOBB said.

In May 2018, 8,190 companies were registered in Turkey, which is 33 percent more compared to the same month of 2017.

In May 2018, 589 companies were closed in Turkey.

(4.5764 TRY = 1 USD on July 1)