Number of Azerbaijani companies registered in Turkey grows

Baku, Azerbaijan, Oct. 23

By Rufiz Hafizoglu - Trend:

In September 2018, 113 companies with Azerbaijani capital were registered in Turkey, which is by 36 companies more than in the same month of 2017, the Turkish Union of Chambers and Commodity Exchanges (TOBB) told Trend Oct. 22.

The total capital of Azerbaijani companies registered in September has amounted to 38.7 million Turkish liras, while in September 2017, the total capital of registered Azerbaijani companies amounted to 12.6 million Turkish liras, the TOBB noted.

"In September, the number of companies registered in Turkey has increased by 25.31 percent, and the number of registered cooperatives has increased by 20 percent," TOBB stated.

The state agency noted that in September 2018, 6,328 companies, 66 cooperatives have been registered in Turkey, while Istanbul has accounted for 41.62 percent of all the registered companies and cooperatives.

The TOBB also noted that in January-September 2018, some 65,638 companies and cooperatives were registered in Turkey.

The TOBB noted that the number of closed companies decreased by 8.64 percent, and the number of closed cooperatives decreased by 10.65 percent in the first nine months of 2018.

($1 = 5.6235 TRY on Oct. 22)

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Follow the author on Twitter: @rhafizoglu

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