TOBB: More Azerbaijani companies registered in Turkey (Exclusive)

Business Materials 19 November 2018 15:35 (UTC +04:00)

Baku, Azerbaijan, Nov. 19

By Rufiz Hafizoglu - Trend:

In October 2018, 116 companies with Azerbaijani capital were registered in Turkey, which is 34 companies more than in the same month of 2017, the Turkish Union of Chambers and Commodity Exchanges (TOBB) told Trend Nov. 19.

The total capital of Azerbaijani companies registered in October amounted to 36.9 million Turkish liras, while in October 2017, the total capital of registered Azerbaijani companies amounted to 12.7 million Turkish liras, TOBB noted.

"In October, the number of companies registered in Turkey increased by 2.24 percent, and the number of registered cooperatives increased by 19.70 percent," TOBB stated.

The agency noted that in October 2018, 7,071 companies and 79 cooperatives were registered in Turkey.

TOBB also noted that in January-October 2018, some 71,907 companies and cooperatives were registered in Turkey.

TOBB noted that the number of closed companies decreased by 8.72 percent and the number of closed cooperatives decreased by 11.82 percent in the first 10 months of 2018.

TOBB also noted that in October 2018, 248 bank branches were opened in Turkey, while 203 were closed.

(1 USD = 5.3508 TRY on Nov. 19)


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