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Number of Iranian companies registered in Turkey increase

Business Materials 24 September 2018 16:24

Baku, Azerbaijan, Sept. 24

By Rufiz Hafizoglu - Trend:

Some 615 companies with Iranian capital were registered in Turkey in August 2018, which is 397 companies more than in August 2017, the Turkish Union of Chambers and Commodity Exchanges (TOBB) told Trend Sept. 24.

The total capital of Iranian companies registered in August 2018 amounted to 80.4 million liras, while this figure was 18 million liras in August 2017.

In August, the number of registered companies in Turkey decreased by 19.92 percent, while the number of registered cooperatives increased by 25.68 percent.

The number of companies and cooperatives registered in Turkey amounted to 5,443 and 93 respectively, in August 2018.

Istanbul accounted for 86.42 percent of registered companies and cooperatives.

In January-August 2018, the number of companies registered in Turkey increased by 21.65 percent compared to the same period in 2017.

The number of registered cooperatives in Turkey for the first eight months of 2018 increased by 18.41 percent compared to the same period of 2017.

According to TOBB, the number of closed companies in the first eight months of 2018 declined by 12.32 percent, while the number of closed cooperatives fell by 12.34 percent.

($1 = 6.2784 Turkish liras on Sept. 24)

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Follow the author on Twitter: @rhafizoglu

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