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Turkey discloses number of companies with Azerbaijani capital registered in 10M2021

Türkiye Materials 19 November 2021 12:14 (UTC +04:00)

BAKU, Azerbaijan, Nov. 19

Trend:

Some 194 companies with Azerbaijani capital have been registered in Turkey in 10M2021, which is 16 more than in the same period last year, The Turkish Chamber of Commerce and Industry (TOBB) told Trend on Nov. 19.

According to the information, the total capital of companies with Azerbaijani capital registered in Turkey during the reporting period amounted to 56.618 million Turkish lira ($5.2 million), while in the same period last year this figure was at the level of 53.862 million Turkish lira ($4.9 million).

In addition, most of the companies with Azerbaijani capital were registered in Istanbul (171). Their total capital amounted to 50.563 million Turkish lira ($4.6 million).

Of the total number of registered companies, one works in the mining sector, one in agriculture, 16 in the industrial sector, nine in construction, 83 in wholesale and retail trade, 22 in transport and logistics, 10 in tourism, another 10 are engaged in the sale of real estate.

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

It is reported that the aggregate capital of 83 wholesale and retail companies registered during the reporting period amounted to 20.474 million Turkish liras ($1.9 million).

Earlier it was reported that 148 companies with Azerbaijani capital were registered in Turkey in 2020. At the same time, 126 such companies with a total capital of 25.434 million Turkish lira ($2.3 million) were registered in Istanbul.

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