Number of Central Asia companies registered in Turkey increases
Baku, Azerbaijan, Oct. 25
By Rufiz Hafizoglu - Trend:
As many as 85 companies with capital from Central Asian countries (Kazakhstan, Turkmenistan, Kyrgyzstan and Uzbekistan) were registered in Turkey in September 2018, which is by 11 companies more than in the same period of 2017, the Union of Chambers and Commodity Exchanges of Turkey (TOBB) told Trend Oct. 25.
The report says the total capital of Central Asian companies registered in September 2018 totaled 11.039 million Turkish liras as compared to 4.997 million Turkish liras in the same period of 2017.
In September 2018, 21 companies with Kazakh capital were registered in Turkey, which is 6 more than in September 2017, according to TOBB.
"The total capital of companies registered in September with Kazakh capital was 1.921 million Turkish liras," TOBB said.
TOBB also noted that in September 2018, 33 companies with Turkmen capital were registered in Turkey, which is 2 companies less than in September 2017.
"The total capital of companies registered in September with Turkmen capital amounted to 4.469 million Turkish liras," TOBB said.
According to TOBB, in September 2018, 25 companies with Uzbek and 6 companies with Kyrgyz capital were registered in Turkey.
"The total capital of Uzbek companies registered in September was 4.127 million, and of Kyrgyz companies 522,500 Turkish liras," TOBB said.
In September 2018, the number of companies registered in Turkey increased by 25.31 percent compared to the same period in 2017.
The number of companies and cooperatives registered in Turkey amounted to 6,328 and 66 respectively, in September 2018.
Istanbul accounted for 41.62 percent of registered companies and cooperatives.
According to TOBB, the number of closed companies in the first nine months of 2018 declined by 8.64 percent, while the number of closed cooperatives fell by 10.65 percent.
($1 = 5.7273 Turkish liras on Oct. 25)
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