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Number of Russian companies increase in Turkey

Business Materials 25 June 2019 10:39 (UTC +04:00)

Baku, Azerbaijan, June 25

By Rufiz Hafizoglu – Trend:

In January-May 2019, 43 companies with Russian capital were registered in Turkey, which is six companies less compared to the same period of 2018, the Union of Chambers and Commodity Exchanges of Turkey (TOBB) told Trend on June 25.

The total capital of Russian companies registered in Turkey in January-May 2019 was 12.592 million Turkish liras, while this figure was 3.665 million Turkish liras in the same period of 2018.

In January-May 2019, the biggest number of Russian companies were registered in Istanbul (26 companies), and the total capital of them reached 10.389 million liras.

According to the TOBB, 15 Russian companies were registered in Antalya during the reporting period, with a total capital of 1.178 million liras.

The remaining Russian companies were registered in other provinces in January-May 2019.

Two mining companies, one industrial company, three construction companies, 24 wholesale and retail companies and four travel companies with Russian capital were registered in Turkey in January-May 2019.

The remaining six companies with Russian capital are involved in other sectors of the economy.

The TOBB stressed that the total capital of 24 wholesale and retail companies with Russian capital registered during the reporting period amounted to 7.801 million liras.

(1 USD = 5.7547 TL on June 25)

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Follow the author on Twitter: @rhafizoglu

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