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Number of registered companies with Azerbaijani capital increase in Turkey

Türkiye Materials 17 September 2021 14:59 (UTC +04:00)
Number of registered companies with Azerbaijani capital increase in Turkey

BAKU, Azerbaijani, Sept. 17

Trend:

About 153 companies with Azerbaijani capital were registered in Turkey from January through August 2021, which is 76 more than over the same period of 2020, Trend reports via the Turkish Chamber of Commerce and Industry (TOBB).

The overall asset of companies with Azerbaijani capital registered in Turkey from January through August 2021 amounted to 42.9 million Turkish lira ($4.9 million), while over the same period of 2020 this figure amounted to 16.6 million Turkish lira ($1.9 million).

The largest number of companies with Azerbaijani capital was registered in Istanbul – 136. Their total asset amounted to 39.3 million Turkish lira ($4.5 million).

Of the total number of registered companies, 1 company is in the mining sector, 1 - in the field of agriculture, 14 - in the industrial sector, 8 - in construction, 66 - in the wholesale and retail trade, 16 - in the field of transport and logistics, 6 - in the tourism sector, 8 are engaged in the sale of real estate.

"The remaining companies with Azerbaijani capital are involved in other sectors of the economy," TOBB said.

The total asset of 66 companies registered in the wholesale and retail trade during the reporting period amounted to 14 million Turkish lira ($1.6 million).

Some 148 companies with Azerbaijani investments were registered in Turkey in 2020, with 126 of such companies with a total capital of 25.4 million Turkish lira ($2.9 million) registered in Istanbul.

The official exchange rate for September 17 is 8.4554 TL/1USD.

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