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Number of Russian companies registered in Turkey increases

Business Materials 23 July 2018 10:39 (UTC +04:00)

Baku, Azerbaijan, July 23

By Rufiz Hafizoglu - Trend:

Some 65 companies with Russian capital were registered in Turkey in June 2018, which is two more companies compared to the same period in 2017, the Union of Chambers and Commodity Exchanges of Turkey (TOBB) told Trend July 23.

The total capital of Russian companies registered in June this year was 5 million liras, while this figure was 2.3 million liras in June last year.

The number of companies registered in Turkey amounted to 11,861 in June 2018, which is 32.67 percent less than in the same month of 2017. The largest number of companies (2253) were registered in Istanbul.

The number of closed companies amounted to 2671 in June 2018.

The official exchange rate on July 23 is 4.8086 TL/USD.

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