Number of French companies registered in Turkey down

Business Materials 31 August 2020 10:47 (UTC +04:00)
Number of French companies registered in Turkey down

BAKU, Azerbaijan, Aug.30

By Rufiz Hafizoglu - Trend:

Twenty-two companies with French capital were registered in Turkey from January through July 2020, which is 12 less than in the same period of 2019, Union of Chambers and Commodity Exchanges of Turkey (TOBB) told Trend on Aug. 30.

During the reporting period, the total capital of French companies registered in Turkey amounted to 23.4 million liras ($3.1 million), as compared to 9 million liras ($1.2 million) in the same period of last year.

Meanwhile, most of the French companies were registered in Istanbul (19 companies) with a total capital of 16.6 million liras ($2.2 million).

Three of the companies were industrial companies, three were construction companies, six were engaged in wholesale and retail trade, three companies were operating in the sphere of tourism, and two in real estate sales.

"The remaining five companies with French capital operate in other sectors of the economy," TOBB said.

The total capital of six companies operating in the wholesale and retail trade registered during the reporting period exceeded 12.7 million liras ($1.7 million), according to TOBB.

(1 USD = 7.34 TL on August 30)


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