BAKU, Azerbaijan, Jan. 28
By Rufiz Hafizoglu – Trend:
Some 184 companies with Azerbaijani capital were registered in Turkey in 2019, which is one company more compared to 2018, Trend reports referring to Turkey’s Union of Chambers and Commodity Exchanges (TOBB).
A total capital of Azerbaijani companies registered in Turkey amounted to 30.1 million Turkish liras ($5 million). This indicator amounted to 52.9 million Turkish liras ($8.9 million) during 2018.
Most of Azerbaijani companies (152 companies) were registered in Istanbul, with the total capital of 28.9 million Turkish liras ($4.8 million).
“Ten companies with Azerbaijani capital were registered in Turkey’s Antalya province. The total capital of Azerbaijani companies registered in this province amounted to 1.9 million Turkish liras ($321,570),” TOBB said.
Four mining companies, 17 industrial, 15 construction, 88 companies in the wholesale and retail trade, 11 tourism, and two insurance companies with Azerbaijani capital were registered in Turkey.
The remaining 47 companies with Azerbaijani capital are involved in other sectors of the economy.
The total capital of 88 wholesale and retail companies exceeded 12.2 million liras ($2 million).
(1 USD = 5.9085 TRY on Jan. 28)
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