BAKU, Azerbaijan, Mar.24
Trend:
Some 45 companies with Azerbaijani capital were registered in Turkey from January through February 2021, which is 18 companies more compared to the same period of 2020, the Turkish Union of Chambers and Commodity Exchanges (TOBB) told Trend.
According to TOBB, in the reporting period, the total capital of Azerbaijani companies registered in Turkey amounted to 5.98 million liras ($757,748), as compared to 3.59 million liras ($454,902) in the first 2 months of 2020.
Meanwhile, most of the Azerbaijani companies were registered in Istanbul (41 companies) with a total capital of over 5.58 million liras ($707,063).
One of the companies with Azerbaijani capital registered in the first 2 months of 2021 in Turkey was the company that is engaged in the mining sector, the energy sector - 1, industrial sector - 2, construction - 2, financial - 2, tourism - 4, real estate - 4, transport and logistics - 6, in the sphere of wholesale and retail trade - 13.
"The remaining companies with Azerbaijani capital operate in other sectors of the economy," TOBB said.
The total capital of 5 companies operating in the wholesale and retail trade registered during the reporting period made up over 1.1 million liras ($139,385), according to TOBB.
In 2020, Turkey had registered 148 companies with the Azerbaijani capital.
Meanwhile, most of the Azerbaijani companies were registered in Istanbul (126 companies) with a total capital of over 25.4 million liras ($3.5 million).
Some 184 companies with Azerbaijani capital were registered in Turkey in 2019, which was one company more compared to 2018.
(1 USD = 7.8918 TRY on Mar.23)