BAKU, Azerbaijan, June 22
By Rufiz Hafizoglu - Trend:
Fifteen companies with French capital were registered in Turkey from January through May 2020, which is by seven companies less than in the same period of 2019, Union of Chambers and Commodity Exchanges of Turkey (TOBB) told Trend on June 22.
During the reporting period, the total capital of French companies registered in Turkey amounted to over 10.2 million liras (nearly $1.5 million), as compared to over 5.9 million liras ($870,000) in the same period of last year.
In the first five months of 2020, most of the French companies were registered in Istanbul (12 companies) with a total capital of 3 million liras ($450,000).
Two of the companies were industrial companies, three were financial companies, three were engaged in wholesale and retail trade, while three companies were operating in the sphere of tourism, and one in real estate.
"The remaining three companies with French capital operate in other sectors of economy," TOBB said.
The total capital of the three companies operating in the wholesale and retail trade registered during the reporting period made up 975,000 liras ($142,410), according to TOBB.
(1 USD = 6.8563 TL on June 22)
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