BAKU, Azerbaijan, May 24. A total of 72 companies with Azerbaijani capital were registered in Türkiye from January through April 2024, which is 20 less than in the same period of 2023, Trend reports via the Union of Chambers and Commodity Exchanges of Türkiye (TOBB).
During the reporting period, the total capital of Azerbaijani companies registered in Türkiye decreased.
"If in the reporting period, the total capital of Azerbaijani companies registered in Turkey was 47.4 million Turkish liras or $27.88 million, this figure amounted to 83.5 million Turkish liras, or $49.1 million, for the same period in 2023," TOBB reported.
The majority of Azerbaijani companies (59) registered in Türkiye from January through April 2024 were located in Istanbul.
"The total capital of Azerbaijani companies registered in Istanbul amounted to 43.4 million Turkish liras or $25.5 million," TOBB noted.
From January through April 2024, 35 trading companies with Azerbaijani capital were registered in Türkiye, while the remaining companies operated in other sectors of the economy.
